On the other side of the account, the Imperial Government retains in its own hand various Irish Services, termed in the Bill “Reserved Services,” described later. It transfers from the British to the Irish Exchequer the sum allotted to Irish Expenditure (outside the Reserved Services), estimated in 1912-13 at £5,462,000, the cost of the Postal Service £1,600,000,[104] and £500,000, the free gift mentioned above, making a total transfer of £7,562,000.
If in the future the sum of £5,462,000 allotted to Irish Expenditure and the free gift of £500,000 are exceeded, the Irish Legislature must provide the necessary ways and means.
The transfer of £7,562,000 from the British to the Irish Exchequer leaves a balance on the British Exchequer on the Irish Account of £3,777,000[105] free [pg 144] to that extent to meet the charge of the Reserved Services.
These Reserved Services are:
(1) Old-age Pensions £2,664,000
(2) National Insurance Labour Exchange £191,500
(3) Land Purchase £761,000
(4) Constabulary £1,377,500
(5) Collection of Revenue £298,000
Total £5,292,000