REASON TRIUMPHS.

Taranaki Daily News, Volume L, Issue 61, 8 November 1907, Page 3

REASON TRIUMPHS.

RAILWAY STRIKE AVERTED. SUCCESSFUL INTERVENTION.

Received Nov. 7, 11.19 p.nj. London, November 7. Mr. Richard Bcii, speaking at a dinner at the Sphinx Club, announced that as the result of the conferences with the Rt. Hon. D. Lloyd-George, a settlement of the railway Trouble had ljeen reached which, be hope), would lie satisfactory to all concerned. The King had interested himself in the matter, and the reWilt must be communicated to His Majesty before the terms of settlement could be announced.

CONCILIATION BOARDS TO BE APPOINTED. WITH APPEAL 10 AN ARBITRATOR. Received Nov. 7, 11.23 p.m. London, November 7. The compromise in rwpect to the railwaymen, secured through the instrumentality of Mr. Lloyd-George, consists of the appointment of a conciliation bo«rd for each group of employees of *wy railway, and on large systems of sectional conciliation boards representing groups, and 'n the event of disputes regarding hours and wages remaining Unsettled, the matter is to be referred to an arbitrator chosen bv the Speaker and Master of the Rolls.' The Conciliation Boards will represent the masters Md the men. The election of the men's representatives will be conducted by the Board of Trade, and in the event of dispute* remaining unsettled in a district or by the sectional and Conciliation Board*, the matter will go to the control of a' board composed of representatives of the company concerned and of the Conciliation Boards for all groups, and so M a Anal resort, will be laid More the' arbitrator.

The airangement does not recognise Ike onions.

ImA Claude Hamilton describes the •cheme as very satisfactory, especially to non-unionists.

• ACCEPTED BV ALL PARTIES. Received Nov. 8, Oi a.m. London, November 7. Sir. Lloyd-George submitted to the laßway men the proposed agreement, wMehtkey and the representatives of the rjilway companies accepted. ib. Fox, preaident of the Associated Booetr of Locomotive Engineers and Jlremen, also signed, likewise Mr Lowth, "iwtary of the Railway Wgjkera'

INTERESTS AT .STAKE.

The following figures, taken from the iMdon Standard, show the magnitude Of the force* involved and the interests at atake in connection with the railway dispute:— • Number of employees .. .. 257 633 Membership of Amalgamated Stake funds of the So- - '• £I7OJOO Hallway capital .. .. £1,287,375,000 Faueagers earned (1906) 1,240,333,000 Goods (tons) .. ~ 488,089,000 BaOway receipts ... £117,242,000 Baflway expenses .. £72337,000 The effect of the present movement oa tt* membership of the society was that MW "enters joined at the rate of about ft thousand a week, the number prior to the dispute being 70,000. It is contjtoed, however, that it an active ■twggte took place quite twothirds of the railway employees would be outside the society. When a similar movement W*a inaugurated some ten or eleven Tears ago the society's membership was nereaied in the course of a few montlw by IVNO, bat rapidly fell back aa soon M the excitement passed away.