[113] Lord Welby (Final Report, p. 54) compared his proposal for Ireland with the system in the Isle of Man, where the proceeds of a tariff distinct from that of Great Britain were devoted in the first instance to the payment of a fixed Imperial contribution and the surplus to local needs. But in the Isle of Man the whole point was that the tariff was a local tariff, chosen by Manxmen to suit themselves, while the administration was under Manx control. [114] Letter to the _Belfast Telegraph_, October 7, 1911. CHAPTER XII THE PRESENT FINANCIAL SITUATION I. ANGLO-IRISH FINANCE TO-DAY. The finances of Ireland since the Union, when reviewed by the Royal Commission in 1894-1896, exhibited five principal features: 1. A declining population. 2. An estimated true taxable capacity falling as compared with that of Great Britain, and standing in 1893-94 at a maximum of 1 to 19. 3. A revenue stationary for thirty-four years, and showing in 1893-94 a ratio of 1 to 12 with that of Great Britain. 4. A growing local expenditure (though stationary for the last four years). 5. A dwindling net contribution to Imperial services (though stationary for the last four years). If we review the subsequent seventeen years, we find: 1. A population still declining, though at a slower rate. 2. An estimated true taxable capacity still falling as compared with that of Great Britain, and now standing at a maximum of 1 to 24.[115] That is, Ireland ought strictly to be paying no more than one-twenty-fifth of the United Kingdom revenue. 3. A revenue rising, but very slowly and inelastically as compared with that of Great Britain, and now showing a ratio of 1 to 15; so that the "over-taxation" of Ireland, as reckoned on the Royal Commission's principles, is still at least three millions.[116] 4. A local expenditure growing rapidly and disproportionately to Irish revenue; now just double the expenditure of 1893-94. 5. A net contribution to Imperial services automatically diminishing with the growth of Irish expenditure, disappearing altogether in 1909-10, and now converted into an adverse balance against Ireland of L1,312,500. In Great Britain during the same seventeen years, population, taxable capacity, revenue, expenditure, and net contribution to Imperial services have all grown steadily, and, what is more important, in healthy proportions to one another. On the next page will be found the comparative figures for Ireland and Great Britain of revenue, expenditure, and contribution for 1893-94 and 1910-11.