SELF-PERPETUATING SCHOLARSHIPS

Evening Star, Issue 25672, 21 December 1945, Page 7

SELF-PERPETUATING SCHOLARSHIPS

AN AMERICAN SCHEME MAY INCLUDE NEW ZEALAND (Rec. 8 a.m.) WASHINGTON, Dec. 20. New Zealand may partcipate in an American scheme of self-perpetuating scholarships which will bring foreign students to the United States and finance the studies of Americans abroad. The United States plans to convert a part of its remaining stocks of property in Australa, Britain, France, Italy, and China'into a selfperpetuating fund for this purpose, and the scheme’s sponsors hope ways will be found to extend the programme to New Zealand, India, Norway, and Russia. Senator Fulbright, of Arkansas, a former Rhodes Scholar, introduced a Bill which would transfer from the Stirplus Property Administrator to the State Department control over the disposition of all surplus property outside the United States and island possessions. The Bill, which has the department’s strong endorsement, authorises the Secretary of State to accept foreign currencies, credits, intangible rights or the discharge of claims against the United States, and to make agreements with foreign Governments for the use of funds derived from the sales and surpluses for: (1) Financing studies, research instruction, library operation and other education activities of or for American citizens in schools and institutions of higher learning located in such foreign country, or of the citizens of such foreign country, American schools and institutions of higher learning located outside continental Uriited States, including the payment of transportation and tuition, and the maintenance of other scholastic expenses; or (2) the furnishing of transportation of citizens of such foreign oountry who desire to. attend. American schools and institutions of higher learning in the United States.