The very terms of the graduated land tax and the value of the farms chosen for exemption show mathematically the influence, not alone of the small, but even the middle-sized farmers.

Estates of less than $25,000 in value are exempt, and those valued at less than $50,000 are to be taxed less than one per cent.

Such farms, as a rule, must have one or more laborers.

Will these employees come in under the compulsory arbitration law?
If they do, will they get much benefit?
The experience of New Zealand and the present outlook in Australia do not lead us to expect that they will.
Many indications point to a coming realignment of parties such as was recently seen in New Zealand, when in 1909 it was decided to form an opposition Labour Party.

And it is likely to come, as in New Zealand, when the large estates are well broken up and the agricultural element can govern or get all they want without the aid of the working people.
Already the Australian Labour Party is getting ready for the issue.