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This article discusses methods of financing and costing a research and development (R&D) department within a firm. The three methods of financing R&D are: the lump sum allocation which leaves the choice of work to the R&D manager or project committee; ex post allocation expenditure decided by R&D manager, and finance by charging use. The first is suited to basic and applied research and to development projects not identified with existing departments. The second method is suitable to development work identified with and accepted by an existing department, and the third to service work for departments. The authors suggest that a suitable strategy can best be found by classifying projects into assessment categories and attaching a suitable financing method to each category.

The article discusses British science policy in the mid-1960s, with focus given to the themes of scientific research finance, the distribution of funds between different scientific fields, and the training of scientific researchers and technical support staff. The author notes the relatively small amount of public spending on science in Great Britain during this period and argues that this spending is largely wasted on the electronics industry and national defense. He distinguishes between funding for solid state physics, electronic physics, theoretical chemistry, and astronomy, and emphasizes the impact of scientific research on human life. Also discussed is the need for more technicians and improved status for engineers within intellectual circles.

This article presents developments in the field of economics and sociology, as of July 1, 1952. The book "Handbook of Statistical Methods for Demographers," by A.J. Jaffe, presents a selection and condensation of the lectures, exercises and readings given by the author in a course on statistics for specialists in population statistics. The book "Practical Financial Statement Analysis," by Roy A. Foulke, describes the technique of sales analysis on .a basis that is applicable to small businesses, that of comparative and internal analysis of balance sheets and profit-and-loss statements of commercial and industrial enterprises of all sizes, and that of analysis of surplus accounts. In another development, four grants-in-aid to graduate students at California, Cornell and Columbia universities have been announced by the Robert Schalkenbach Foundation. The present grants initiate a program by which the Foundation aims to encourage study of the land question in colleges and universities and to increase the existing data on the subject.