The Bill provides for the apportionment between the two Exchequers of liability for existing loans raised for Irish services. _Readjustment when Financial Equilibrium is reached._ When the total revenue received from Ireland by the Imperial Treasury has been sufficient, during three consecutive years, to meet the total charges for Irish purposes, the Exchequer Board shall report the fact with a view to a revision of the financial arrangements. Since it is impossible now to foresee what services may remain at that time as Reserved Services, what loans may have been contracted during the intervening years, and what changes may have been made in the rates of taxation, the Bill does not attempt to enact the modifications which may then be desirable. It contemplates, however, as part of the present financial settlement, that Parliament will then consider, on the one hand, the fixing of such contribution by Ireland to the common expenses of the United Kingdom as may be equitable, and, on the other hand, the transfer to the Irish Legislature and Government of the control and collection of such taxes as may be deemed advisable. The remaining clauses--from 27 to 47--are concerned with readjustments as to judges, civil servants, police and other matters, and do not vary substantially from the corresponding clauses in the Bill of 1893 (published in Appendix D). The first meeting of the Irish Parliament is fixed for the first Tuesday in September, 1913. There are only two other clauses which require special notice, as adding fresh provisions to those laid down in the Bill of 1893. The first is the 26th clause, which gives to the Irish special powers of representation at Westminster in the case of a revision of the financial arrangements:-- "For the purpose of revising the financial provisions of this Act in pursuance of this section, there shall be summoned to the Commons House of Parliament of the United Kingdom such number of members of the Irish House of Commons as will make the representation of Ireland in the Commons House of Parliament of the United Kingdom equivalent to the representation of Great Britain on the basis of population; and the members of the Irish House of Commons so summoned shall be deemed to be members of the Commons House of Parliament of the United Kingdom for the purpose of any such revision." The second--Clause 42--provides that Irish laws shall be interpreted always in legal subordination to Acts of the Imperial Parliament:-- "(2) Where any Act of the Irish Parliament deals with any matter with respect to which the Irish Parliament have power to make laws which is dealt with by any Act of the Parliament of the United Kingdom passed after the passing of this Act and extending to Ireland, the Act of the Irish Parliament shall be read subject to the Act of the Parliament of the United Kingdom, and so far as it is repugnant to that Act, but no further, shall be void." APPENDIX B THE SHRINKAGE OF IRELAND