conclude that based upon one year’s experiment the qualifying tournament is necessarily a permanent failure. This whole matter as explained heretofore is quite complex, and it is the recommendation of the chairman that the N.C. A.A. appoint a small committee, not to exceed three, to confer with a similar committee to be appointed by the U.S. L. T.A., to discuss the various factors and to determine what changes, if any, should be made. ‘These changes should be made prior to October 15th so that whatever plan is to be followed for 1939 it can be made effec- tive prior to November Ist, in order that in turn colleges can arrange their 1939 schedules with all the facts in hand. C. S. GARLAND, Chairman. FINANCIAL STATEMENT NATIONAL INTERCOLLEGIATE CHAMPIONSHIPS Held at the Merion Cricket Club July 4th-9th, 1938 Receipts: Boxes $570.00 Season ‘Tickets 226.50 Daily Admissions 862.00 Total $1,658.50 bess: 10%—Hederale Tax 25-8 S 165.85 Total $1,492.65 Entrance Fees 357.00 Total $1,849.65 Expenditures: ; Rental of Marquee .. $23.00 Cost of Erecting Boxes 20.50 Rental of Chairs—Boxes 33.00 Tennis Balls 177.54 Prizes 118.50 One-fifth Cost Intercollegiate Cap ccccecccncecncncncsenncentee 31.50 Printing and Postage 2a/ fe Wages—Overtime only 191.71 Operation of Marquee 197.70 Dinner for Players 176.74 Service on Courts : 32.45 Preparation of Courts:. Top. Dressing. . 2: 250.00 Miscellaneous 27.61 New ‘York ‘Omee “U.S. EPPA eo OO 15.08 Advertising and Banners 24.50 Total 1,547.55 Balance $302.10 (This balance was used to partly compensate the Club for the use of their grandstands, which are paid for out of nominal profits as they occur. Merion Cricket gradually being The usual rental charge for grandstands in this case would have been $515.00.) 5