less rebates; but the
whole of Schedule C, which includes Foreign and Colonial Government
Stocks, is given in 1909-10 as only L30,000.

No attempt is made to credit Ireland with a share of the profits made by
English and Scottish companies through business done in Ireland.

The only reliable items in Income Tax are those of A and B (Land,
Houses, and Occupation of Land), where in 1908-09 Ireland contributed
about 6 per cent. of the total; under other heads, according to the
Treasury, only 3.5 per cent. The writer estimates the true contribution
as several hundred thousand pounds more.

_Post Office_.--The Treasury give no clue as to how they calculate the
profit and loss on Postal Services. Figures of letters, telegrams,
parcels, etc., delivered in Ireland are known from the
Postmaster-General's report, but the report does not distinguish Irish
from English postal orders, of which 1211/2 millions were issued in the
United Kingdom in 1909-10. There is good reason to believe that a part
of the postal profit now wholly credited to England should in reality be
credited to Ireland.

_Stamps_.--Far too little allowance is made by the Treasury for stamps
on transfers executed through English and Scottish exchanges for shares
bought or sold by Irishmen, and for bonds, deeds, insurances, issues of
capital, etc.

_Tea and Sugar_.--The Treasury base their calculation "on quantities
inter-changed between Great Britain and Ireland in 1903-04," and I learn
from the Inland Revenue Department that by this means the consumption
per head of the population was arrived at, and that the present official
figures are based on the assumption that the relation of consumption per
head in Ireland to consumption per head in the United Kingdom as a whole
has not altered since 1903-04. The unreliability of this assumption is
manifest. It is probable that the heavy additional duty on spirits has
raised the consumption of tea in Ireland more than in Great Britain, and
the figures of Imports compiled by the Department of Agriculture seem to
confirm this view.

[135] On the basis of the mean revenue of 1909-10 and 1910-11.

CHAPTER XIII

FINANCIAL INDEPENDENCE

I.

THE ESSENCE OF HOME RULE.

Let us now sum up this financial question, and give its place in the
general problem of Home Rule. In Chapter X. I argued that, on broad
grounds of political policy, Ireland, in her own interest, and in the
general interest of the United Ki