The Inland Revenue ceased to operate in most of Ireland. People were instead encouraged to subscribe to Collins' "National Loan", set up to raise funds for the young government and its army. By the end of the year the loan had reached £358,000. It eventually reached £380,000. An even larger amount, totalling over $5 million, was raised in the United States by Irish Americans and sent to Ireland to finance the Republic. Rates were still paid to local councils but nine out of eleven of these were controlled by Sinn Féin, who naturally refused to pass them on to the British government. By mid-1920, the Irish Republic was a reality in the lives of many people, enforcing its own law, maintaining its own armed forces and collecting its own taxes. The British Liberal journal, "The Nation", wrote in August 1920 that "the central fact of the present situation in Ireland is that the Irish Republic exists".