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SETTLEMENT ARRIVED AT.

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SETTLEMENT ARRIVED AT. THE MINIMUM WAGE CONCEDED. CONCILIATION BOARD PROVISION. A seuiemont was arrived at on Friday evening in connection with the Scottish coal crisis. As a result of the conference of coaiowners' and miners' representatives with Mr. Churchill at the Board of Trade, the owners accepted the principle or the minimum wage or 6s. per day, and it was announced that notices were not to be tendered. Thus a national strike is averred. The following are the terms:- A minimum wage of tis. has been con- ceded to the miners. An agreement has been made for three years. The amount of the equivalent of the minimum to be referred to arbitration. The amount of advances by steps also to be arbitrated upon. The arbiter to be mutually appointed by the parties, or, failing agreement, by énÐ Speaker of the House of Commons. OFFICIAL STATEMENT. The following official statement was issued from the Board of Trade late on Friday night with regard t-o the settlement of the dispute in the Scottish coal trade:- The conference on the threatened Scot- tish. coal dispute was resumed this morn- ing at the Board of Trade to consider a proposal for settlement put forward by the President prior to the adjournment of the conference Oil the previous evening, based on suggestions made by Mr. Askwith, the chairman of the joint sub-committee. After prolonged consideration by both parties, an understanding was provisionally arrives! at ca the lines of the above pro- posal, with various amendments. At seven p.m. the miners' representatives retired to confer with their colleagues of tlw :JIine¡- Federation at the West- minster Palace Hotel. The conference met again at the Board of Trade at 9.30, Mr. Churchill in the chair, when the following agreement was con- cluded — Agreement arrived at at a conference held at the Board of Trade on July 30,1909, between representatives of the coaiowners of Scotland and the Scottish Miners' Federation. 'l1 The Conciliation Board shall be con- tinued. with the provision that there shall he obligatory a neutral chairman '.whose decision in case of difference shall be final and binding), to be selected by such methods shall be mutually agreed upon by the parties, and failing agreement by the Speaker of the House of Commons and the Board, and that tbi.03 agrooment shall remain in force until the 1st of August, 3912, and unless six months before that date notice of termination is given by either party it shall remain in force thereafter, subject to six months' notice of termination given by either party at any time. Z I The principle of the 50 per cost, on the 13S8 basis as a minimum wago is conceded, and wages shall no: be reduced below that point. In respect «;f tho concession of an imme- diate 50 per cent, minimum, it is agr.-cd. a) That the basis pric. for the 50 per cent, minimum a lld the subsequent step's eh r.U be referred to an arbiter. The reference t1 the arDiter shall be adjusted by parties, and shall te un the footing that the rela- tion between prices a.nd wages in the past is rec-j-saised as equitable for the purposes of this arbitration, and that the new bas-is price shall not be below tho recent basis price, namely, 7/5, 45. In filing the new ba.ns price and steps, consideration is to be given to the effect which the granting of an increased mini- mum wage would ha-e on tho relation between prices and wages, and also any other new circumstances bearing on in- creased o- decreased, costs since the agree- ment, of 15-04 was entered into which the arbiter considers relevant. bl That j: for any month or months du-ing the period from the date of this agreement to March 31. 1910. the ascertained prices do not warrant a 50 per cent, wage under this memorandum, then for a like number of months any increased percentage in wages accruing under the memorandum shall be diminished by 61. 5 The neutral chairman, in giving his decision as to the alterations in the rate of wages, shall take into account the state an.I prospects of trade. (4) Any difference regarding the interpreta- tion of this memorandum or any difference regarding the terms of reference under Clause 2 hereof shall bo referred to the decision of the neutral chairman, to be mutually appointed by the parties, or, fail- ing agreement, by the Speaker of the House of Commons. 5' The arbiter to act under Clause2 hereof shall be mutually appointed by the parties, and, failing agreement, by the Speaker of the House of Commons. The agreement wa-s signed by the repre- sentative*: of the coaiowners of Scotland, the Scottish Miners Federation, the Miners' Federation of Great Britain, and the Board of Trade. SATISFACTION OF SCOTTISH MINERS. à. (;.[;1E:0W correspondent, telegraphing 0:1 Saturday, stated that the coal trade settle- ment has resulted in a buoyancy in Scotch industrial circles. An immediate effect is expected toO be a reaction in prices, principally for export coal, whiie freights, which have been adversely affected, are also expected t.o improve. Mr. Robertson, vice-chairman of the Scot- tish Cool Merchants' Association, admitted on Saturday that the merchant:- had for the first j time in history made provisional arranre- ments for the importation of German coal. Throughout Midlothian and Haddington- shire the miner- are satisfied with the settle- I ment. The miners at several of the Eastern District coiiicries have luted their tools, thinking no settlement had been arrived at, and a number of collieries are on holiday. DIARY OF THE DISPUTE, The following is a dory of the Scottish nlners' dispute: July 3.—Scottish coal owners at meeting in Glasgow unanimously decided to post notices immediately, insisting on a reduc- tion from 6s. a day to 5s. 6d., notices to come into operation on July 26. July 9.—Scottish miners' executive met, and referred question to Scottish Federa- tion. July 12.—'Whole matter debated by Scot- tish Federation, which decided to ask the support of the British Miners' Federation. July 15.—C-a^e submitted in London to British Miners' Federation. Conference adjourned. Jiiiy 15.—British Federation decided to have a ballot C'D. Question ci general stop- page in support of Scottish miners. July 18.—Ballot papers issued on ail coal- fields. July M.—Through Board o.f T-rade inter- vention. a v. eek's armistice was agreed uikmi; a joint, sub-committee was appointed to consider points in dispute; no reduction of wages wa-s to take place on July 25. The question ;;1lb!Jl;ti.e\1 to tbB joint sub-com- mittee was:— What conditions ought to be finally attached to the recognition of a new mini- mum, both as regards the limit and rate of variatij-n of wages above the minimum, and the procedure by which changes of waujs should be regulated. .1 ".Lv 23.—He-suit of miners' ballot declaredFor stoppage, 513,361; against, 62.980, Decision of Federation that, failing an agreement next day at Board of Trade, Scottish mCners ceu-e work July 31, and all other miners on August 31. July i9. —Conference at Board of Trade- Mr. Churchill present. Both grides more conciliatory. Meeting adjourned. July 50.—Conference resumed, adjourned until 7.0 p.m., and again adjourned until 9.J3 p.m. Settlement announced shortly afterwards. OPINluNS ON CHANGE AT CARDIFF. There '6 such a strong holiday feeling- on the Cardiff Exchange on Saturday that it v. as practically impossible to test, as regards ihti effect on prices, the result of the settle- ment of the Scotch coal crisis. The com- promise was received with very mixed feet ing;, and many persons, while acknowledging tha.t it was a- good thing to avoid a strike, at the same time regretted that the whole trouble was not threshed out now instead :cf txnng postponed for a few months, when the owners may have a more difficult task to Webt.

SOUTH WALES NOTICES.

! WELSH MINERS' WAGES. ! '…

! WHOSE WHISKY WAS IT?

| EXCHEQUER GRANTS.

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