The Dáil loans were bonds issued in 1919–1921 by the Dáil (parliament) of the self-proclaimed Irish Republic to raise the Dáil funds or Republican funds, used to fund the state apparatus the Republic was attempting to establish in opposition to the Dublin Castle administration of the internationally recognised United Kingdom of Great Britain and Ireland. The subscribers were Irish nationalists, in Ireland for the Internal Loan and in the United States for the External Loan.