The Rotary Balita no. 715 (February 19, 1953)

John B. Fox, assistant dean of the Harvard graduate school of business administration, said that businessmen here could help schools turn out better students by ex- tending liberal financial assistance to these institutions, in the same manner that American businessmen have been making generous donations to colleges and universities in the United States. He added that businessmen in his country give the Harvard business school about $500,000 every year, aside from the big do- nations which is a permanent source of in- come for the university. He said that the exchange of students between the Philippines and the United States is essential to continue friendly ties and should be encouraged to the fullest extent. Tracing the development of the Harvard business school, Fox said the growth might be divided into four periods: (1) 1907-1920, when the school worked to gain academic acceptance; (2) 1920-1940, when the school introduced an appropriate curriculum; (3) 1940-1950, when the school became a force in the business community; and (4) 1950 up to the present, when the school is fully established, but continues to strive to im- prove instruction and facilities. Fox said that when he returns to the United States, he would work for the financing of deserving Filipino students by American firms. Another speaker was Hyum Keum, adviser to the Korean delegation to the Philippines International Fair, who emphasized the need of Korean-Philippine trade relations. He hoped that the exhibits of his country at- the fair might help bring about interest in Korean products in our country. Leroy Young was the finesmaster. Juanito Nakpil and Balmy Balmaceda, alumni of the Harvard University were both given a round of applause and later fined P10.00 each. In connection with the Chinese New Year, all the Chinese Rotarians were fined P10.00 each. For the construction of a new building, Peg Green of Squibbs and Sons was fined P10.00. Danding Romualdez suggested a fine of P100.00 on K. Huang, for the new building of the Philippine Bank of Communications. A. P. Reyes and Quitong Reyes were fined P100.00 each.