years, 1910-
11, 1909-10) 11, 1909-10)

"True" revenue L7,568,649 L10,032,000 L89,286,978 L155,137,250
(including (mean of two (mean of two
non-tax revenue) years, 1910- years, 1910-
11, 1909-10) 11, 1909-10)

Local Expenditure L5,602,555 L11,344,500 L30,618,586 L60,544,000

Contribution to L1,966,094 Nil[A] L58,668,392 L94,593,250
Imperial Services

[A] Local Expenditure in excess of "true" revenue (as averaged for
years, 1910-11, 1909-10): L1,312,500.

Irish expenditure has been rapidly overtaking Irish revenue during the
last three years. In 1907-08 there was a balance available for Imperial
services of L1,811,000; in 1908-09, of only L583,000; and in 1910-11, on
the basis of a mean of that and the previous year, the deficit shown
above of L1,312,500. The principal cause is the Old Age Pensions Vote,
which began in 1908.

If all the elements of the problem be considered together, it will be
seen that the fiscal partnership is as ill-matched as ever, and has
produced results increasingly anomalous. Each of the partners and their
united interests suffer. Ireland is still more heavily taxed relatively
to Great Britain, yet Ireland's contribution to Imperial services has
been converted into a minus quantity. Why? Because Irish expenditure,
paid out of the common purse, has doubled, while Irish revenue has
increased by less than a third.

Let me give the final survey of Anglo-Irish finance since the Union, in
the tabular form shown by Professor Oldham at the meeting of the British
Association in September, 1911:

NET BALANCES PAID BY IRELAND TO GREAT BRITAIN.

Single Irish "True" Expenditure Balance Decadal
Year. Revenue. in Ireland. One Year. Balance.
L L L L
1819-20 5,256,564 1,564,880 3,691,684 36,916,840
1829-30 5,502,125 1,345,549 4,156,576 41,565,760
1839-40 5,415,889 1,789,567 3,626,322 36,263,220
1849-50 4,861,465 2,247,687 2,613,778 26,137,780
1859-60 7,700,334 2,304,334 5,396,000 53,960,000
1869-70 7,426,332 2,938,122 4,488,210 44,882,100
1879-80 7,280,856