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The article presents abstracts of geographical research papers. In the research paper "A Geographical Study of Nova Scotia," researcher R.H. Whitebeek discusses the geographic conditions of Nova Scotia. Lying nearer Europe and possessing many excellent harbors and peopled by immigrants from the best European stocks, the province of Nova Scotia in Canada has now, after 300 years, fewer people than the city of Boston, Massachusetts. Its total manufacturing output is less than that of single companies in New England, and the province has shared but slightly in Canada's economic growth.

The article comments on the perspective of professors Georg Rich and Raymond F. Mikesell on the operations of the Eurodollar market using different perspectives in Europe. The author explains that the work of Rich and Mikesell makes the point that Eurodollar volume and rates are determined simultaneously with the United States balance of payments, foreward exchange premiums, and other international financial variables. It is the author's belief that Rich and Mikesell do not adequately handle this issue in their paper. The author presents several criticisms of the works.

The article comments on the paper related to social development in the Philippines. The author of the paper had neglected the vast body of European and American study of and in both Western and non-Western societies. Even though it is justifiable that conceptualization and methodology must be developed in relation to the particular "time-space characteristics" of the research situation, it not justifiable to adopt some as yet undeveloped and essentially unknown "new" theory. The author of the paper had discarded too lightly the enormous experience of "Western" social scientists in observation and interpretive analysis of socio-cultural patterns ranging from the most "scared" to the most nearly "secular." The use of scientific experience remains the most powerful intellectual guide which man has yet devised. The de-emphasis of "quantitativism" in favor of field and problem-oriented study is vitally necessary. The author of the paper easy slip into the concretistic error of assuming that the historical peculiarities of Philippine societal development require unique interpretive tools.

In view of the unsettled condition of European industry and finance, of the depreciated and fluctuating exchanges, and of the enormously heavy tax burdens, existing or prospective, pressure for prompt payment of either principal or interest at any early date would be most unwise. But eventual payment under a generously elastic funding arrangement is both possible and probable. The burden of settling for past wars will be less irksome than that of earlier days devoted to preparation for future wars, and the disturbance to the international money markets and exchange long since stabilized will be inconsiderable. Though advocating the cancellation of this foreign indebtedness, It should, however be a endeavor to make it at the same time an instrument of reform. It might fairly be required, in return for a gradual and progressive cancellation of these debts, that the debtor nations balance their budgets, that they stop the further emission of paper money and that they apply their resources to economic purposes rather than to armament.

The article comments on the papers "The Changing Role of U.S. Banks in International Financing," by George H. Chittenden, "The International Money Market: Structure, Scope and Instruments," by Fred H. Klopstock, and "The Integration of European Capital Markets," by Oscar L. Altman, all published within the issue. The author looks at changes occurring in European capital markets, international money markets, and commercial bank lending. The movement toward better organized markets for long-term capital in Western Europe is discussed.

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The article presents a conference paper in response to another paper published in this same issue titled "Cost of the Marshall Plan to the United States," by Seymour E. Harris. The author notes that Harris may not have had the advantage of reading the 240 page report containing the U.S. President Harry Truman's proposals for European recovery. The author considers the role of financial measures in economic recovery, stabilization loans, and the validity of the cost estimates of the Plan.

The article presents a conference paper in response to another paper published in this same issue titled "What Can Europe Do For Itself?," by Calvin B. Hoover. The author agrees with Hoover's assessment and concern about the control of inflation in Europe and presents a solution that involves grants-in-aid which would allow the U.S. some control in controlling inflation through central banks. Discussion of trade barriers and price controls is also presented.