(c.) The sum
of one hundred and ten thousand pounds on account
of the Imperial civil
expenditure of the United Kingdom:
(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.