1. Taxation.

Customs and Excise still to be (1) For six years all existing levied by Imperial Parliament and taxes to continue to be imposed collected by Imperial officers. by Imperial Parliament and All other taxes to be under Irish collected by Imperial officers. control.

Ireland to have power to impose
additional taxes of her own.

(2) After six years, Customs
and Excise to remain Imperial
taxes; all others to be under
Irish control.  But Excise to be
collected, though not levied,
by Ireland.

2. Ireland’s Revenue.

Gross revenue collected in (1) True Irish revenue from Ireland from Imperial and Irish Imperial taxes (i.e., with taxes and Crown Lands, etc.; allowance made for duties plus an Imperial grant towards collected in Ireland on the cost of Irish Police. (Total articles consumed in Great cost at that time L1,500,000:  Britain, and vice versa).  Ireland to pay L1,000,000, Treasury any surplus over (2) Revenue from Irish taxes L1,000,000, until cost reduced and Crown Lands. to that point.)
                                            (3) Imperial grant of one-third
                                             of annual cost of Irish Police
                                             (equal in first year to
          
                                   L486,000).

3. Ireland’s Contribution to Imperial Exchequer.

(1) For thirty years Ireland (1) For six years Ireland to to pay fixed annual maximum sums, pay one-third of the “true” representing Ireland’s share of revenue raised in Ireland from (a) Army, Navy, Civil List, etc.; Imperial taxes and Crown (b) National Debt.  Payments not Lands. (Estimated share for to be increased, but might be first year, L2,276,000, or diminished.  Share for Army, Navy, about one-twenty-eighth of etc., never to exceed total Imperial expenditure.) one-fifteenth of total cost.  Total payments under these heads for first year, L3,242,000.

(2) After thirty years, (2) After six years, both
contribution to be revisable. method and amount of
                                              Ireland’s contribution to be
                                              revised and settled afresh.

4. Contribution to Special War Taxes.

Optional to Ireland.  For six years compulsory on
                                              Ireland to pay her
                                              proportional share of any
                                              such tax levied.