7). As regards this last statement, it must be noted that the only sense in which it can be truly said that the endowments represent moneys derived from pre-Disestablishment days is that the foundation of the new financial system was laid by the generosity of the clergy in office at the time. They entrusted to the Representative Body of the Church the capitalised value of the life-interests secured to them by the Act.
The money was their private property, and their action one which involved great self-denial, for they gave up the security offered by the State. The money was so calculated that the whole should be exhausted when all payments were made. By good management, however, it yielded considerable profit, and meanwhile formed a foundation on which to build.
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FOOTNOTES Footnote 20 See
Therefore the remedy which
reduction in rates and
In both instances the
RATIOS OF POPULATIONS AND
Insufficient credit has been
51 Ireland Great Britain
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The most deplorable movement
Racially no less than
The first ten years
Now it is precisely
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