When the strike had lasted for nearly a month, a Board of Conciliation was formed to settle, if possible, the dispute. Cab proprietors and strikers were both represented, the Home Secretary (Mr. H. H. Asquith) acting as mediator. After a few meetings had been held at the House of Commons, Mr. Asquith made his award, which was as follows:—
| June 4 | to | July 15, | 6 | weeks | at | 16s. | per | day. |
| July 16 | “ | “ 22, | 1 | “ | “ | 15s. | “ | “ |
| “ 23 | “ | “ 29, | 1 | “ | “ | 14s. | “ | “ |
| “ 30 | “ | August 5, | 1 | “ | “ | 13s. | “ | “ |
| August 6 | “ | “ 12, | 1 | “ | “ | 12s. | “ | “ |
| “ 13 | “ | “ 19, | 1 | “ | “ | 11s. | “ | “ |
| “ 20 | “ | October 21, | 9 | “ | “ | 10s. | “ | “ |
| October 22 | “ | “ 28, | 1 | “ | “ | 11s. | “ | “ |
| “ 29 | “ | January 14, | 11 | “ | “ | 12s. | “ | “ |
| January 15 | “ | April 1, | 11 | “ | “ | 11s. | “ | “ |
| April 2 | “ | “ 15, | 2 | “ | “ | 12s. | “ | “ |
| “ 16 | “ | May 6, | 3 | “ | “ | 13s. | “ | “ |
| May 7 | “ | “ 20, | 2 | “ | “ | 14s. | “ | “ |
| “ 21 | “ | June 3, | 2 | “ | “ | 15s. | “ | “ |
“The above scale is to regulate the net cash price to be paid per day by driver to owner for first-class street hansom cabs from this date. It is to be subject to revision as from the first Monday in April, 1895, if within fourteen days prior to that date notice demanding revision is given to me by, or on behalf of, either of the parties to the agreement of this day.”
The award was dated June 11, 1894, and two days later the cabmen went back to work. On the 27th of the same month Mr. Asquith fixed the following scale for four-wheeled cabs:—
(1) The net cash price to be paid by driver to owner for best street iron-tyred four-wheeled cabs, with two horses per day, to be according to the subjoined scale:—
| May 14 | to | July 22, | 10 | weeks | at | 13s. | per | day. |
| July 23 | “ | August 12, | 3 | “ | “ | 12s. | “ | “ |
| August 13 | “ | September 9, | 4 | “ | “ | 11s. | “ | “ |
| September 10 | “ | March 26, | 28 | “ | “ | 10s. | “ | “ |
| March 27 | “ | April 9, | 2 | “ | “ | 11s. | “ | “ |
| April 10 | “ | May 14, | 5 | “ | “ | 12s. | “ | “ |
(2) The net cash price to be paid by driver to owner for rubber-tyred four-wheeled cabs to be in all cases 1s. (one shilling) over the price for iron-tyred four-wheeled cabs.
(3) The net cash price to be paid by driver to owner for four-wheeled cabs worked on the one-horse principle to be according to the subjoined scale:—
| June 4 | to | July 29, | 8 | weeks | at | 8s. | per | day |
| July 30 | “ | April 2, | 35 | “ | “ | 6s. 6d. | “ | “ |
| April 3 | “ | May 7, | 5 | “ | “ | 7s. | “ | “ |
| May 8 | “ | June 3, | 4 | “ | “ | 7s. 6d. | “ | “ |
(4) The actual amount charged by the Railway Companies for privileged cabs to be paid by the drivers to the owners in addition to the above.