Rate of Exchange

When sir Stafford Cripps announced devaluation in September, he spoke in terms of millions of people and billions of pounds and dollars. But people don't all come in millions; there are 16 people at Harvard now who have been affected considerably by Sir Stafford's decision.

Students from England, they are allowed to bring 250 pounds a year over here for four years. Before devaluation, this amounted to about $1000 per annum, enough to cover a big part of College expenses. Now the allowance is only $700, and those students with no sources of income in the United States are in a predicament.

The only solution the British government, which sets the pound limit, can offer is that the men attend English colleges. It points out that every pound taken out of the country further weakens her economic position. This is good economic sense; it is unfortunate that the ideal of student exchange has suffered as a result.

The British government will not change its monetary restrictions, but keeping English students on the other side of the Atlantic is not a satisfactory answer to the problem. Continued cooperation by the University in providing scholarships and finding good jobs for exchange students will insure that its contribution to Anglo-American understanding can keep on going.