The Ricardo Prize Scholarship in economics for the year 1915-16 has been awarded to William Burke Belknap 2G. (Yale '08), of Louisville, Kentucky, on recommendation of the Department of Economics. The award is based on a competitive examination consisting of an essay written on an assigned subject without any previous preparation. The subject of Belknap's essay, which was chosen from a list of twenty offered, was "The Economies of Combination." The scholarship is one of $350, and the incumbent is expected to carry on his studies under the supervision of the Department of Economics.