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University Daily Kansan
Friday, April 25, 1952
Prospering Japanese Fear Future
Tokyo—(U.P.)—Japan's national budget is balanced, the country has $1,000,000,000 stockpiled in foreign exchange and its people are living better today than at any time since World War II.
Seven years after its defeat, Japan appears to be stronger economically than any of its Asiatic neighbors.
Faradaxically, however, the normally optimistic Japanese are worried. They know they are riding a treacherous Korean war boom. Soon they will be shackled with the burden of rebuilding armed forces.
Outwardly, the fears would seem baseless. Japan's national budget this year is—as in the several years past—balanced in spite of a 21 per cent defense outlay. Foreign currency holdings have swollen to an equivalent of $1,000,000,000—including $600,000,000 in U.S. dollars and 100,000,000 pounds in sterling exchange.
Official Japanese government indices claim the people are enjoying a living standard just about equal to the prewar 1934-36 period.
The U.S. armed forces spent $734,000,000 in Japan in 1951 and are expected to spend $200,000,000 annually
in the future, according to the estimate of Frank Waring, U.S. embassy counselor.
The weaknesses in Japan's economy show with very little digging, however.
The optimistic complexion of Japanese economy was due in equal parts to U.S. aid, occupation insistence on a rigid anti-inflation line and the Korean war. However, United States aid—which totaled $334,749,000 at its height in 1949 and $357,324,000 in 1950—was stopped in June, 1951.
The Japanese government, which followed U.S. financial czar Joseph Dodge's anti-inflation dictates most unwillingly, will be under heavy internal pressure to relax the line. The armistice talks at Panmunjom may bring the Korean war to an end.
The flaws in such an economy are obvious. Normal foreign trade, which is Japan's life-line, produced
an import balance last year of $640,746,982. However, Japan added $334,772,902 to its foreign exchange holdings last year because it did not have to pay for the bulk of American aid goods and because purchases in Japan by the U.S. occupation forces and the U.N. command for the Korean war effort reached a post-war high.
Six new courses were approved at the college faculty meeting this week.
The new courses are:
Home Ec High School Day To Be Held Here Saturday
More than 100 senior high school girls are expected to attend the fourth annual department of home economics high school day to be
Faculty Approves Six New Courses
Applications Open For ISA Offices
held Saturday at the University.
Six elected offices in the Independent Student association are now open for applications until May 2.
Today is the last day for seniors to order graduation announcements, H. I. Swartz of the business office warned today.
The offices open are president, secretary, ASC representative, public relations chairman, and social chairman. Independents-at-large are urged to apply, Melvin Reuber, chairman of the election, said.
Applications may be obtained from Lou Ann Smee, Miller hall; Dixie Badwell, Watkins hall; Marc Hurt, 1416 Tenn.; Lewis Clum, Sterling; Joan Fink, Monchonsia hall, and Phyllis Guthrie, 1215 Oread.
Seniors may order plain white announcements for 15 cents each, white with cardboard booklets at 40 cents each, or those with leather booklets red or blue at 60 cents each.
Graduation Card Deadline Today
All Kansas high school senior girls, their mothers and teachers of home economics have been invited to attend.
The group will be greeted by Miss Edna Hill, chairman of the department of home economics and Martha Peterson, dean of women.
"Opening Doors" an original skit in two parts will be given in Green hall, and a style show, "Fashion Portraits" will be presented in the Museum of Art by home economics students.
Tours will be conducted through the nursery school, the home management house, the home economics laboratories, and North College hall.
Science Fiction
We have a wide selection. You are cordially invited to come in and see them.
THE BOOK NOOK
1021 Mass.
Phone 666
don't
History 91, Readings in History,
1 to 4 hours; Home Economics 212,
Workshop in Family Life Education,
2 hours in summer session; Music 50,
Introduction to Contemporary Music,
2 hours; Music 51, Introduction to
Orchestra Music, 2 hours; Music 52,
Introduction to Chamber Music,
2 hours; Zoology 10, Wild Life Conservation and Management, 2 hours.
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A report was given by the committee on improvement of teaching. During the past two years the group has been consulting all College departments for suggested improvements. Recommendations will be voted on by the faculty at the May meeting.
1D. arodaN
Instructor to Speak On Sunday Program
Rupert Murrill, instructor of sociology and anthropology, will speak on the topic, "What Does the Physical Anthropologist Study?" on the Sociology on the Air broadcast over station KLWN at 9:45 a.m. Sunday.
Manuscripts Due Now For Whitcomb Scholarship
Manuscripts are now being accepted for the Edna Osborne Whitcomb scholarship, an annual writing award open to any woman English major in the College of in the School of Education who is wholly or in part self-supporting.
Any type of writing is suitable, but short stories, sketches, familiar essay, and poetry are preferred to writing of the practical, expository type. The work need not be done specifically for this contest.
Manuscripts should be given to Mrs. Mary Alice Hursh, English department secretary, in 203 Fraser, by May 16. They should be signed with an assumed name, but accompanied by a sealed envelope containing the writer's name, address and the title of the manuscript.
This scholarship was provided by Mrs. Whitcomb in her will, and this year the award will be $100. She was the wife of Selden Lincoln Whitcomb who was a member of the
English department from 1905 to 1930.
Mrs. Whitcomb received her master of arts degree at KU in 1914. She died in 1931.
The scholarship winner will be announced on the commencement program.
THE FIRST NATIONAL BANK Travel Service TRAVEL AGENCY Tel.30 8th & Mass.
Complete Picnic & Party Supplies FOR RENT. or S
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- ICE — Crushed-Cubes-Block.
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Open Evenings'Till 8:00 p.m.
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American ServlCE Company 6th and Vermont Phone 48
wonderfully becoming to the textured fabrics in the fashion-picture; equally congenial with your airy sheers. Beautifully dyeable to match every costume color. 4 to 10 AAAA to B Also available in White Suede
Royal College Shop
837-839 Mass.