Two Centuries of Irish History (Routledge Revivals) by R. Barry O'Brien

Author:R. Barry O'Brien [O'Brien, R. Barry]
Language: eng
Format: epub
ISBN: 9780415747554
Google: mxETvwEACAAJ
Barnesnoble:
Publisher: Taylor & Francis
Published: 2015-06-12T00:00:00+00:00

NOTE TO PAGE 250

It was arranged by the Act of Union that each nation should be charged with its own ante-Union debt. This would have been just to Ireland as to England, but for one consideration, viz. that by far the greater portion of the ante-Union debt of Ireland was the result of the fooling of the English Government subsequent to the recall of Lord Fitzwilliam. In 1793, the debt of Ireland (unredeemed funded and unfunded) was only £2,253,000. In 1798, it had risen to £10,130,000; in 1801, to £28,541,000. By a strange perversion, this rapid increase of debt has been attributed to the extravagance of Grattan’s Parliament. If so, why was no such extravagance exhibited prior to 1795?

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