192 ANNUAL REGISTER, 1800. 



which the whole amount of duty 

 payable thereon would exceed the 

 amount which will be thereafter 

 payable in England on the like arti- 

 cle : that if, at the end of any year, 

 any surplus shall accrue from the 

 revenues of Ireland, after defraying 

 the interest, sinking fund, and pro- 

 portional contribution and separate 

 charges to which the said country 

 shall then be liable, taxes shall be 

 taken oft' to the amount of such sur- 

 plus, or the suq)lus shall be applied 

 by the parliament of the united 

 kingdom to local purposes in Ire- 

 land, or to make good any defici- 

 ency which may arise in the reve- 

 nues of Ireland in time of peace, or 

 be invested, by commissioners of the 

 national debt of Ireland, in the 

 funds, to accumulate for the benefit 

 of Ireland, at compound interest, 

 in ease of the contribution of Ire- 

 land in time of war ; provided that 

 the surplus so to accumulate shall at 

 no future period be suffered to ex- 

 ceed the sum of five millions : that 

 all monies to be raised after the 

 union by loan in peace or war for 

 the service of the united kingdom 

 by the parliament thereof, shall be 

 considered to be a joint debt, and 

 the charges thereof shall be borne 

 by the respective countries in the 

 proportion of their respective con- 

 tributions ; provided that if at any 

 time, in raising their respective con- 

 tributioos hereby fixed for each 

 country, the parliament of the uni- 

 ted kingdom shall judgeitfit to raise 

 a greater proportion of such respec- 

 tive contributions in one country 

 within the year than in the other, 

 or to set apart a greater proportion 

 of sinking fund for the liquidation 

 of the whole or any part of the loan 

 raised on account of :he one country 

 than of that raised on account of the 



other country, then such part of the 

 said loan, for the liquidaticnt of 

 which different provisions shall have 

 been made for the respective court-^ 

 tries, shall be kept distinct, and shall 

 be borne by each separately, and 

 only that part of the said loan be 

 deemed joint and common, for the 

 reduction of which the respective 

 countries shall have made provision 

 in the proportion of their respective 

 contributions : that, if at any future 

 day the separate debt of each coun- 

 try respectively shall have been 

 liquidated, or if the values of their 

 respective debts (estimated accord- 

 ing to the amount of the interest 

 and annuities attending the same, 

 and of the sinking fund applicable 

 to the reduction thereof, and to the 

 period within which the whole 

 capital of such debt shall appear to 

 be redeemable by such sinking fund) 

 shall be to each other in the same 

 proportion with the respective con- 

 tributions of each country respec- 

 tively, or if the amount by which the 

 value of the larger of such debts 

 shall vary from such proportion shall 

 not exceed one hundredth part of 

 the said value ; and if it shall ap- 

 pear to the parliament of the united 

 kingdom, that the respective cir- 

 cumstances of the two countries 

 will thenceforth admit of their con- 

 tributing indiscriminately, by equal 

 taxes imposed on the same articles 

 in each, to the future expenditure 

 of the united kingdom, it shall be 

 competent to the parliament of 

 the united kingdom to declare, 

 that all future expense thenceforth 

 to be incurred, together with the 

 interest and charges of all joint debts 

 contracted previous to such declara- 

 tion, shall be so defrayed indis- 

 criminately by equal taxes imposed 

 on the same articles in each country. 



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