24 JULY 1926, Page 2

Thus there is still the appearance of trench-warfare, but these

representatives of religious thought have done something towards breaking it up and securing that new negotiations will be carried on in a better spirit. Inci- dentally two other points have been gained. Whether we would like to see a further subvention from the Treasury or not, Mr. Baldwin has decided that point, and no one in the coal industry need waste time through any arrierc pens& in that direction. And the general acceptance of that decision will make the way clearer for a loan if, as may well be, that proves to be the solution of the problem of getting over some of the difficulties of restarting work. The second point is that the miners' leaders have made an advance by accepting the principle of arbitration for disagreements that may still exist at the end of the period of four months.