Summary of Finance Provisions.
(Clauses 12-20.)
Clause 13. The Irish Parliament is to have the right to impose all taxes except customs and excise.
The Irish Parliament to pay annually to the British Exchequer these sums, fixed at the level for the following 30 years:—
| £1,466,000 | as interest on the Irish share in the National Debt. |
| 1,666,000 | towards the Army and Navy. |
| 110,000 | towards the Imperial Civil expenditure. |
| 1,000,000 | towards the Irish Constabulary. |
| £4,242,000 | in all. |
The Irish Exchequer to pay annually £360,000 towards the reduction of the National Debt, and their payment of interest to be reduced in proportion.
If any reduction takes place in Army and Navy to the extent of reducing British proportions below 15 times the Irish, then the Irish to be reduced by 1-15th.
The Irish Government to receive the revenues of Crown Lands in Ireland.
If the Irish Constabulary is reduced, then the Irish contribution towards Constabulary to be reduced accordingly.
Clause 14. The first charge for the Irish contributions to be on the customs and excise collected in Ireland. The rest to go to the Irish Government.