y of such advances for the purchase or
amalgamation of the Irish railways under an Irish public authority.
Such a proposal will not bear close examination.

It is an essential condition of the existence of Savings Bank
deposits that the deposits should be always available on the call
of depositors; and this condition would no longer be fulfilled if
the balances were locked up in Irish railways. In fact, if there
was any suggestion that these balances should be used for the
purpose of enabling the Irish Government to run the railways on
uncommercial principles, the deposits would very soon diminish or
disappear--and this apart from the question whether under Home
Rule, the deposits would in any event remain at anything like their
present high figure.

FOOTNOTES:

[Footnote 92: Viceregal Commission on Irish Railways, Final Report, 1910
(Cd. 5247). Final Report on the Canals and Inland Navigations of
Ireland, 1911 (Cd. 5626).]

[Footnote 93: "The Framework of Home Rule," p. 174.]

[Footnote 94: Figures are taken from Viceregal Commission Reports, p.
78, Report.]

[Footnote 95: Page 78, Report.]

[Footnote 96: Page 58, Report.]

[Footnote 97: Final Report, pp. 76-83.]

[Footnote 98: We have taken the Act of 1844 as the basis referred to by
the Commissioners, though it is very doubtful (having regard to the
great variety of railway share and loan capital), if the terms of sect.
2 are now suitable; moreover sect. 4 requires a special Act of
Parliament to be passed to raise the money, and settle the special
conditions of the purchase option.]

[Footnote 99: Majority Report, p. 76.]

[Footnote 100: "Framework of Home Rule," p. 281.]

[Footnote 101: Final Report on the Canals and Navigations of Ireland.
1911. (Cd. 5626.)]

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