On Wednesday each of the delegates had before him a
copy of a letter which the Government had taken the precaution of sending in order to prevent further mis- understanding. The main heads of this offer, which may prove to be of decisive importance, were :-
1. That wages should continue to be determined by the results of tho industry in the district.
That the ratio for division of net proceeds between workmen and owners should range between 87 to wages and 13 to profits and 85 to wages and 15 to profits.
3. That the minimum percentage on basis rates should, subject to district settlements on hours and working conditions, be not less than the equivalent of 20 per cent. on standard rates.
4. That the subsistence wage to be paid to low-paid day wage men be settled by arbitration in the district in the event of failure of the two sides to agree.
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