THE OXFCIGAN DAILY LLKWAY :f OXFORD ECONOMIST: Steel Link Started at Medical Center British Tight Money Hits Small Business Policies An Oxford University economist businessman who complains about now visiting the University says taxes may not recognize that the that tight money policies compar- taxesnmant cogizentht the abl tothoe nw f~ltIn he1government's commitment to full able to those now felt in .theemployment and other ecgohmic United States have forced about policies helps maintain a large one in three British businessmen market forhis goods." to cut their inventories or delay -mae t ioFds capital expenditures.j Additional Findings Tw6 other findings from the According to Harold F. Lydall, survey were of interest. senior research officer at the Ox-' While comparable statistics are ford Institute of Statistics, half not available, the study produced the firms who took action because some evidence that the rate of of tight money reacted to its effect industrial turnover is a good deal on consumer buying. lower in Britain than here. In Britain, he notes, government Many of the firms studied had regulations concerning credit pur- been in business 50 years or more. chases affect buying more directly The proportion of new firms, on than is the case here. the other hand, was probably less Survey Data thatn would be found here. A surprise finding In the survey In comparing attitudes of vari- of small and medium-sized manu- ous managers, it was found that facturers was that half of them the most ambitious in planning had not borrowed from banks in their ms futu. the preceding five years.their firms future "Especially among the smallest Lydall based his conclusions on firms, there was some evidence a representative sample of 876 firs, her wa soe eidecefirms employing less than SOO that business managers were op- .ersons each. Findings will be pub- posed in principle to borrowing lished this fall he indicated. from banks," Lydall said. _shdths _a_,heidiatd "The major and almost exclu- sive source for capital in the small firms was their earnings. on "One factor which probably con- tributed to this attitude was the large proportion of family-owned s tre or controlled firms. Small Manufacturers This group comprised aboutFor Pagans two-thirds of those interviewed. "The fact that the small British manufacturer finances much of If a pagan adopts a religion of his growth from earnings helps a foreign people, he will under- explain the often-voiced protest stand it in novel terms, familiar that high taxation 'robs' him of only to his group,' says Prof. Hor- his means for expanding. ace M. Miner, University sociolo- "This is both a psychological gist and anthropologist. and a real handicap to the small "To understand any belief," fie businessman, especially in com- says, "means simply to relate it to parison with larger firms who are other things which we know and accustomed to financing a good believe. That which is religion to deal of their expansion through the West African is superstition to security offerings or bank loans. the American. That which is ra- "On the other hand, the small tional medicine to the American is regarded as maie h the na- -Daily-Richard Bloss AERIALWALKWAY - Work. has started on vital link. little modification of the arrange- ments. The new location for these de- partments will be of aid in the use of the natural history displays in the University Museums directly across the street for teaching pur- poses. / Long Range Plans The Natural Science building, present home of the $iology and Zoology departments, will be taken over entirely by the School of Natural Resources. Long range plans call for the central campus area to contain only literary and graduate schools, the Medical Center,, the medical and Nursing schools and North Campus and professional schools such as engineering, music and architecture. A BUSY TWO WEEKS: Special Courses Slated On Industrial Subjects Intensive courses in production machining, computer and man- agement sciences, the nuclear re- actor, radiations in industry, and automatic control are being offered during August and September by the College of Engineering. Designed for practicing and graduate eiginee1s both in indus- try and in military installations, the courses are being taught by University faculty and visitinr ler- from Aug. 19 , to Aug. 30. Prof. H. C. L. Collatz, of University of Hamburg, Germany, will be a special lecturer. Prof. Edward Teller of the Uni- versty of California will present the banquet lecture in the com- puter conference on Aug. ,29. Some 290 persons enrolled in the com- puter courses are expected -to at- tend. 1 1 c i v.1V1~u lt~ayUzu iaulg u;-err To Direct turers from here and abroad.e Students will take part in lec- Third in the series "Nuclear Re- tures, classroom work and appli- actors and Radiations in Indus- trs classoonewrknd ppli- try," will be directed by Prof. cation of engineering principles William Kerr of the electrical in various laboratories and at the engineering department. Michigan Memorial-Phoenix Pro- It will be held Aug. 19 through ject. 30, with 45 persons enrolled at this Course Continues time. The first course, "An Engineer- The final course, which is being ing Approach to Production Ma- repeated from one given in June chining," will continue throtigh of this year, will be on "Automatic Thursday, Aug. 22. About 15 stu- Control." It will meet from Sept. dents have enrolled for the course 3 to Sept.' 11 under the direction directed by Prof. Joseph A. Sween- of Prof. Lawrence L. Rauch of the ey of the mechanical engineering aeronautical engineering depart- department. ment. The second group of courses is Approximately 110 persons are a series covering computer and scheduled to participate in this management sciences, and will run course. ENDS TONIGHT DIAL NO 8-6416 STARTING WEDNESDAY JOSE MERRER IN "CYIRANO BE BEIRGERAC" I" r TODAY Through Thursday .,N W -'9 x DIAL NO 2-2513 Per ection in 7 modern ooling - Adventure Ca high as the peaks that ripped the skies I