Financial Adviser

Prof. Lloyd P. Rice of the Department of Economics formally accepted on March 23 the appointment as Financial Adviser to the Philippine Government for a period of 15 months starting this June. He will be granted leave of absence by the College to undertake the post to which President Quezon of the Philippines has named him

Professor Rice, who has been a member of the Economics department since 1920 is an authority on taxation and has done considerable work in the past on various phases of the relations between the United States and the Philippines. During 1934-35 he specialized on trade and economic problems of the Philippines when serving as econmic analyst with the United States Tariff Commission, and last year from February to August he served simultaneously as Chief Economic Analyst for the Office of PhilipPine Affairs in the State Departed and as Financial Adviser to the Policy Committee of the Joint Committee on United States-Philippines Relations. In his new post Professor Rice will play an important part in the pending revision of the Philippine tax system, and although he will be responsible entirely to the Philippine Commonwealth, it is expected that his work will keep him in touch to some extent with the Departments of State and War, as well as with the Treasury Department, in Washington.