The graduation exercises of the Thayer and Tuck Schools were held on the afternoon and evening of Friday, April 21. The presentation of diplomas was made in the faculty room of Parkhurst Administration Building. Fourteen men received the degree of Civil Engineer, and twenty-one men that of Master of Commercial Science. Immediately after the presentation of diplomas the annual commencement dinner given to the graduates by President Nichols and the Board of Trustees was held in College Hall. President Nichols presided; the speakers were Dr. J. M. Gile of the board of Trustees, Professor Robert Fletcher, Director of the Thayer School, W. H. Woolworth of the graduating class of the Thayer School, Professor Hastings Lyon of the Tuck School Faculty, and A. B. Sullivan of the graduating class of the Tuck School. Among the invited guests were thirteen prominent business men who have been active in cooperating with the Tuck School by permitting students to conduct investigations in their manufacturing plants.