There is no need to insert the rules here, as they can at all times be seen in the office, if any person feels desirous of doing so. The election of the first members took place on the 12th February 1895, the following persons being elected:-- J. Wilson. J. Johnson. J. Forman. W. H. Patterson. T. H. Cann. W. Golightly. S. Galbraith. W. House. H. Jemison. At the first meeting of the Conciliation Board the employers asked for a reduction of wages. Many people thought they were in a hurry. Such a conclusion was hardly justifiable when we remember that they had been pressing for a reduction for some time, and the delay had arisen from the length of time taken in the negotiations to establish the Board. The employers felt themselves injured by the delay, and therefore took the first opportunity of having their claim put forward and settled. The Federation Board in their circular on the situation acknowledged that, for they said: We cannot but regret that the first meeting of the Board should have been convened to consider a reduction of wages, yet we feel confident that, however distasteful and unpleasant it may be to submit to a fall in percentage, all who have observed the condition of trade, taken note of the prices prevailing generally, and the serious lessening of the number of hands, during the past six months, could not be otherwise than prepared for a reduction in the rates of wages which were got when the condition of trade was different and prices higher. While the Board were prepared for a demand for a reduction they were not prepared for the amount asked. The demand was for fifteen per cent., which would bring the wages down to a point to which the scale of 1889 would have brought them. The price of coal in 1889 was 4s. 8d., in 1895 it was 5s. 2d. Wages had risen thirty-five per cent., and therefore they had a claim (said the owners) for at least fifteen per cent. The arguments against that claim we need not state in full. The main one was that, taking the whole period since 1889, wages had been between seven and nine per cent. higher than the periodically quoted net selling prices would have given. That argument, as all are aware, was of great weight, and that it influenced the decision, there is not the slightest doubt. The decision of the umpire was a reduction of seven and a half per cent., but it left the wages higher by that amount than the old arrangement would have done. Under it 5s. 2d. per ton would have given a wage ten per cent. above the standard; the award of Lord Davey in May 1895 left it seventeen and a half above the standard. Although they had been called upon to suffer this reduction so early in the era of conciliation, the Federation Board did not lose faith in it as an advance in wage settlements. They said: