From time to time lead, which is normally considered to be a soft ductile metal, fails by cracking. The cracks which form appear to be of two distinct types-(a) those which follow a zig-zag course around the boundaries of crystals and (b) those which follow a more direct path, frequently two systems of cracks appearing at right angles.The former appear definitely to be associated primarily with the properties of the crystal boundaries, whilst the latter appear rather to be determined by the system of stresses applied. In both cases the lead appears to be a brittle rather than a ductile metal, for the failure occurs without the large amount of deformation usually associated with the tensile breaking of lead. The latter is, however, a function of time and when lead is deformed by long applications of stress, the metal appears to- be less ductile than when the stress is applied suddenly. Thus, if a given test piece of commercial lead is broken by a stress of 1100 lb. per sq. in. in several hours, it may extend 40 to 50%before failing, whereas when broken by a stress of 500 lb. per sq. in. acting for 12 months or more it willshow an extension of only 15 to 25 %. With lower stresses still, failure would take much longer and undoubtedly lower extensions would be obtained.As the stress is lowered it is found that the marked local contraction characteristic of ductile metals becomes less noticeable, and failure, instead of being by extension of *Lecture delivered to the First 'Ordinary Meeting of the Australasian Institute of Mining and Metallurgy, 21st August, 1935.