PROCEEDINGS OF THE FIRST ANNUAL NEW HAMPSHIRE BANK MANAGEMENT CONFERENCE. $1.00.

ON JUNE 7 and 8, 1940, the First Annual New Hampshire Bank Management Conference was held in Hanover at the Amos Tuck School of Administration and Finance. The meeting was sponsored jointly by the New Hampshire Bankers Association and the Amos Tuck School. Under the joint-editorship of Professors G. W. Woodworth and A. W. Frey of the Tuck School faculty, the Proceedings of the Conference are now made available in an attractive paper-covered volume of eighty lithoprinted pages.

The general subject covered by the .Proceedings is Bank Loan and Investment Policies. Seven papers are devoted to bank invest ments and bank investment experience under the following titles: Basic Causes of Savings Bank Liquidations in New Hampshire; The Bank Investment Problem; Federal Housing Administration Loans; Experience with Federal Housing Administration Loans; The Use of Purchased FHA Loans in the Investment Program of a New Hampshire Savings Bank; The Use and Abuse of Bond Ratings; and The Purpose and Functions of the Savings Bank Trust from the Standpoint of Bank Loan and Investment Policies. Three papers deal with personal loans and bank experience in this field to which bankers have turned to put to work resources which might otherwise lie idle. Other papers deal with a wide range of subjects. One discusses the impact of war on banking. Another deals with public relations and bank personnel. In another the financial problems of the federal government aie discussed. And finally, there is President Hopkins' speech on "Our Relation to the European War."

Though the contents of the Proceedings will appeal largely to those in the field of banking and finance, nevertheless the layman will find much of interest in the several papers. Of special interest to the Alumni is President Hopkins' address to the bankers. Maintaining that we have lived for two decades in a world of unreality and have, meanwhile, perpetuaated the greatest fallacy of all the many current fallacies—the theory that we have been, and can be, an isolationist nation, that we can live apart from the rest of the world," Dr.

Hopkins urges aid to the forces of right in the struggle against might. Only by such action, he avers, can we hope to retain political, religious, and intellectual freedom.