The New York Times Current Events Prize Contest will be held this year on February 15 and 16, it was recently announced by Professor E. D. Ellis, of Mt. Holyoke College, chairman of the committee in charge of this annual intercollegiate contest. The examination has been set ahead two months this year in order to avoid conflict with the regular college work.

The contest is open to all resident students of Harvard College who are pursuing a regular course of study, and have not completed four years of work in a college or institution of equivalent grade. It is designed to test not only the student's knowledge of facts and events, but also his understanding of their relative meanings and his interpretations of their importance. The field covered in this contest includes current events of political, economic, and social significance.

An examination will be held in twenty colleges, which will determine the winner in each of these institutions. The winning representatives from each college will take the final examination for the national prize. A prize of $500 and a gold medal will be given to the student writing the best paper in the competition among the 20 colleges. Three prizes are offered to winners in each of the participating institutions. The New York Times medal and $150 in cash constitutes the first prize, while second and third prizes are $75 and $25 respectively.