The New York Times Current Events Contest will be held this afternoon at 2 o'clock in Room 7 of the Widener Library. Prizes are offered to the first three men, a first prize of the New York Times medal and $150, a second prize of $75, and a third prize of $25.

Similar contests are being held in 19 other universities, and later in the season the contestant from one of the 20 universities writing the best paper will receive a prize of $500.

The examination, which is conducted according to the plan of the individual college, is planned to test the student's knowledge of facts and his understanding of political, social, and economic problems.

Differing from the plan of last year's competition according to which each competitor wrote on one of two topics chosen by himself from a list of dozen suggested by the events of the past few months, this year's examinations will be in two parts, the first on a variety of facts, and the second an essay on some subject chosen from a wide field.

The method of presentation as well as a knowledge of facts will be considered in determining the winners.

The examination 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. C. E. Wyzanski '27 won the contest in both 1926 and 1927, and 1928 he was awarded the intercollegiate prize in the latter year he was barred from intercollegiate competition because of his previous victory.