The foresight of our Government. nearly 50 years ago. has paid great dividends in our relations withthe people of Asia. The good will and understanding created by the exchange of students has been our greatest bulwark against unfriendly criticism of our policies In the Far East. Many students of the Chinese and other Asiatic peoples agree that our enlightened attitude toward China was our greatest defense to the propaganda of the Japanese in recent years and is to a great extent accountable for the loyalty of these people during the recent war. I *think it is reasonable to assume that if a similar program can be intelligently administered among the several nations nese in recent years and is to a great contribution will have been made to the future peace of the world.