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The dispute in the building trade has, on the other

hand, reached a crisis. The employers last Saturday posted notices which will come into effect this Saturday, and will thus, if nothing occurs in the meantime, bring about a national lock-out on Monday next. Last Tuesday negotiations were indeed resumed, and the 634 hope of an agreement as to the terms of reference under which both sides would agree to arbitration was increased. The issue is a double one. First, there is the question of the legality of the masters' action in terminating the existing agreement under their contract with the men. Second, there is the actual dispute on working con- ditions, which is itself subdivided into (i.) hours, (ii.) wages.

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