Taking as its general topic of discussion "Education and its Relation to Modern Business", the Harvard Teachers Association will hold its annual meeting on Saturday.

The first formal gathering will take place in the Radcliffe Theatre on Mason Street at 10.30 o'clock in the morning and the other, a luncheon program, in the main dining hall of the Commander Hotel on Garden Street.

At the morning meeting, at which W. F. Downey, headmaster of the English High School of Boston, will preside, Professor C. F. Taeusch of the Harvard Graduate School of Business Administration will discuss "Ethics and Business". A. V. Shaw of the firm of Shaw, Loomis, and Sayles, Investment Counsel, will speak on "The Teacher's Personal Investment Problem." At the close of the second address, there will be an opportunity for discussion of both these papers.

At the luncheon program, where Dean H.W. Holmes '03, will preside, there will be two speakers, Dr. W. T. Foster '01, Director of the Pollock Foundation for Economic Research, and Professor F. W. Taussig '79, Henry Lee Professor of Economics. Both these men are ranked among America's leading economists.

The Harvard Teachers Association was organized 38 years ago "to promote the interchange of thought on educational questions" among the teachers and school officers with Harvard connections.