its in Egypt. It should be noted that the actual income in Fgypt exceeded the budgeted income by approximately •t21,000. Funds from America represent current donations and endowment; the money raised in Egypt came from tuition fees, lecture fees, cinema. tickets, contributions to the scholarship funds, the sale of University publications, the rental of University Halls. Reputation: Public good will is an essential asset in any successful business enter-prise. The University has emerged from the war with a larger measure of public confidence than it has ever enjoyed. Dr. Spencer's judgment on this point is inter-esting; in comparing the reputation of the University as he knew it during his first visit in 1937 and as he found it today, he sai...