Bailey, William F. 'On fiscal relations of the United Kingdom and Ireland, with special reference to the state purchase of land'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. IX Part LXIV, 1885/1886, pp69-81
Journal of The Statistical and Social Inquiry Society of Ireland Vol. IX Part LXIV 1885/1886
A scheme was put forward some short time ago, which promised to effect a radical and sweeping change in the ownership of the land,
without imposing any great hardship or additional burden on any
class in the State. Mr. Giffen, the author of the scheme propounded, under the nom
de plume "Economist" in the Statist early in the present year,
claimed for his proposal that it would enable the imperial government
to buy out every landlord in Ireland, giving him consols at
par, equal in nominal amount to twenty years' purchase of the present
judicial rents; to give the land free to the present occupiers, subject
only to a rent-charge of one-half or two-thirds of the present judicial
rents, payable to the new local authorities in Ireland, and to relieve
the imperial exchequer of all payments now made out of it in connection
with the local government of Ireland. Without in any way touching on the more purely
political aspect of the question, my object is to consider the facts
and figures on which Mr. Giffen's proposal is based, and submit his
proposal to a more minute examination than has yet been given to
it. To do this satisfactorily it will be necessary to analyze carefully
the present burden of local and imperial taxation in Ireland, and
define the existing and forecast the future financial relations between
the exchequers of Great Britain and Ireland.
Before dealing with the proposed future financial relations between
the two countries, it will be necessary to state carefully the
present position of affairs, so that we may thoroughly understand
the circumstances with which we have to deal, and the existing
interests which we must take into account.
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