Sprague Appointed For Third Year as Economic Adviser to Bank of England--Doriot Assists French Business School

Appointment of O. M. W. Sprague '94, Edmund Cogswell Converse Professor of Banking and Finance at the Business School, as economic adviser to the Bank of England was announced recently in London for the third consecutive year. Professor Sprague, who took up his position in England in July, 1930, has been granted another leave of absence, thus preserving his connection with the School.

In his capacity as economic adviser, Professor Sprague has been in constant touch with financial developments on the Continent, and has been associated with Sir Montagu Norman, governor of the Bank of England, during the critical months when that country was forced to drop the gold standard. In addition to his advisory work he has interested himself in the coordination of the various departments of the Bank.

Previous to his appointment to his present position, Professor Sprague had won recognition in international financial circles for his work on various committees dealing with post-war problems. He was a member of the League of Nations committee on the purchasing power of gold and was chairman of a sub-committee on gold supply.

Several other members of the faculty whose activities during the summer have enhanced the prestige of the School include G. F. Doriot, professor of Industrial Management; Philip Cabot '94, professor of Public Utility Management; and J. A. de Haas, William Ziegler Professor of International Relationships.

For the second summer Professor Doriot, who will return to Cambridge tomorrow, has been in attendance at the Centre de Preparation des Affaires in Paris as an unofficial adviser in the organization of the French institution. The Centre, modelled on the Harvard Business School, has been in existence only two years but is already rated high in French educational circles.