But for all this, their own language and the Bill itself prove that the supreme authority of Parliament is under the new constitution to be taken in its limited, and what for the sake of distinction we may call its 'colonial' sense.

This is proved, if evidence were wanting, by the provision[33] that after fifteen years from the time when the Bill passes into law the financial relations between England and Ireland may be revised in pursuance of an Address to the Crown from the House of Commons or from the Irish legislative assembly.
If the Imperial Parliament retains an effective or practically unlimited supremacy, the provision is futile and needless.

What necessity is there for enacting that a sovereign Parliament, which institutes, may alter a scheme of taxation?
But the provision is intelligible enough on one supposition, and on one supposition only.

It is both intelligible and in place if Parliament gives up the real right of governing Ireland and occupies towards what is now a part of the United Kingdom the position, or something very like the position, which Parliament occupies towards a self-governing colony.

It then embodies a compact between England and Ireland, and institutes a regular method for revising their financial relations.