MAY I TAKE this occasion of the sixty-sixth anniversary of Your Majesty's birth to reiterate the cordial good wishes of the American people and to add my sincere personal congratulations.

The deficit is from about $900 million to $950 million, of which about $440 million will be due to the statutory redemption of the debt.

They have during the year saved about $11 million by economies throughout the various divisions.

Of the appropriations for this next year and these balances, it is expected that about $20 million will be saved during the next year.

I have sent a letter to the Secretary of War congratulating the Department for the success in the conduct of the maneuvers.

I greatly regret that your personal situation is such that you cannot continue on the Board for the present.

I wish to take this occasion to express my appreciation, and the appreciation which I know the whole agricultural industry holds, for the great service you have rendered and the devotion you have shown in the difficult times of the past…

The service of the College has been memorable and I speak the heart of the Nation in wishing for it many years of ever increasing usefulness.

The Children's Charter, which it promulgated, sets forth the aspirations and objectives of those who are seeking the protection and the rounded development of the children of America.

The way to the Nation's greatness is the path of self-reliance, independence, and steadfastness in times of trial and stress.

I will be obliged, however, if you will express my cordial greetings to those gathered for this happy occasion and my profound appreciation of the tremendous service which Berea College, both by its own work and by its example, has done in…