The Subject State: British Policy in Ireland: The Money Argument

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59. THE SUBJECT STATE British Policy in Ireland. The Money Argument. The Banking system prevailing in Ireland is a British Institution administered under laws enforced by the British Parliament and for British interests. Under it the final basis of credit is the Bank of England. British Propagandists tell the world that Ireland is a poor country, but the fact is, that, the so-called Irish Banks have to have their credits in the Bank of England in British War Loan and in British and Foreign Securities, over one hundred millions, which is drawn through the Irish Banks from Irish depositors. We are at present only using for the industrial and economic life of Ireland about one-third of our own financial resources, and the other two-thirds go to financing of our greatest trade competitor, the British manufacturers. This state of affairs will continue until we are COMPLETELY SEPARATED from THE BRITISH GOVERNMENT, which is a Government of Imperialistic Capitalism and of the financial interests, and of a form of industrial exploitation, for which there must be no place in Ireland. Sinn Fein aims at the separation and at the creation of an economic system which will develop the country on sane Christian and human principles. It does not propose to confiscate the private property of any citizen, but it will concentrate on the harnessing of our natural and material resources, and using our own financial resources for their development and for the good of the people.