24 AUGUST 1929, Page 2

The Wool Trade The other side of the picture, unfortunately,

is pre- sented by the wool trade, in which the events of the last few days have brought about a deadlock absurdly like that which has been so generally condemned by public opinion. Once again the employers stipulate for a reduc- tion of wages, the amount being 9.09 per cent., which is represented as the minimum reduction that will meet the needs of the industry, Once again the employers have declared that they are not willing to refer the matter to arbitration, as suggested by the workers' side of the Industrial Council. There is a ray of hope in the readiness of the Executive Committee of the Unions to take responsibility for resuming the negotiations.

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