A word of explanation is perhaps necessary in regard to the subscriptions which are being called for by the H. A. A. The organization has been rather unfortunate in the past in having its expenses larger than could be met by the funds at its disposal. This debt was in great part paid off last year, but there is still a large bill for record medals that must be paid. The association, if properly supported, will by the end of the year be free from all back obligations, and will not have to call again for subscriptions. The necessity for generous subscriptions this year is very urgent. The University Track Athletic Cup games with Yale are held this year in a place of Yale's choosing. This means that the association has to send off two teams, both probably to New York, and thereby incur a very unusual expense. After this year the receipts from the Yale games will pay for the expenses of the odd years when the games are held away from Cambridge, but for the present year the circumstances are such as require especially generous subscriptions.