Ireland -- Politics and government -- 1901-1910; Land tenure -- Ireland
(_d_) The sum of _one million pounds_ on account of the Royal Irish
Constabulary and the Dublin Metropolitan Police.
(2) During the period of _thirty years_ from this section taking effect
the said annual contributions shall not be increased, but may be reduced
or cease as hereinafter mentioned. After the expiration of the said
_thirty years_ the said contributions shall, save as otherwise provided by
this section, continue until altered in manner provided with respect to
the alteration of this Act.
(3) The Irish share of the National Debt shall be reckoned at _forty-eight
million pounds_ Bank annuities, and there shall be paid in every financial
year on behalf of Ireland to the Commissioners for the Reduction of the
National Debt an annual sum of _three hundred and sixty thousand pounds_,
and the permanent annual charge for the National Debt on the Consolidated
Fund of the United Kingdom shall be reduced by that amount, and the said
annual sum shall be applied by the said Commissioners as a sinking fund
for the redemption of the National Debt, and the Irish share of the
National Debt shall be reduced by the amount of the National Debt so
redeemed, and the said annual contribution on account of the interest on
and management of the Irish share of the National Debt shall from time to
time be reduced by a sum equal to the interest upon the amount of the
National Debt from time to time so redeemed, but that last-mentioned sum
shall be paid annually to the Commissioners for the Reduction of the
National Debt in addition to the above-mentioned annual sinking fund, and
shall be so paid and be applied as if it were part of that sinking fund.
(4) As soon as an amount of the National Debt equal to the said Irish
share thereof has been redeemed under the provisions of this section, the
said annual contribution on account of the interest on and management of
the Irish share of the National Debt, and the said annual sum for a
sinking fund shall cease.
(5) If it appears to Her Majesty that the expenditure in respect of the
army and navy of the United Kingdom, or in respect of Imperial Civil
expenditure of the United Kingdom, for any financial year has been less
than _fifteen_ times the amount of the contributions above named on
account of the same matter, a sum equal to _one-fifteenth_ part of the
diminution shall be deducted from the current annual contribution for the
same matter.
(6) The sum paid from time to time by the Commissioners of Her Majesty's
Woods, Forests, and Land Revenues to the Consolidated Fund of the United
Kingdom on account of the hereditary revenues of the Crown in Ireland
shall be credited to the Irish Government, and go in reduction of the said
annual contribution payable on account of the Imperial Civil expenditure
of the United Kingdom, but shall not be taken into account in calculating
whether such diminution as above mentioned has or has not taken place in
such expenditure.
Public-domain text, read in full here on John Shaqi.
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