With reference to the organization of Graduate Menorah Societies, the time was deemed inopportune to proceed definitely in the matter, the war situation absorbing the attention and energies of so many of those who would otherwise be interested in the idea of Graduate Menorah organization, and it was recommended that detailed consideration of the question be laid over another year. But a beginning of Graduate organization has already been made in Scranton, Pa., where a Graduate Menorah Society has been formed. The Intercollegiate Menorah Association has been very cordially invited to join the Corda Fratres International Federation of Students, whose objects are: "To unite student movements and organizations throughout the world, to study student problems of every nature, and to promote among students closer international relations, mutual understandings and friendship; to encourage the study of international relations and problems; to stimulate a sympathetic appreciation of the character, problems and intellectual currents of other nations; to facilitate foreign study, and to increase its value and fruitfulness. The movement is neutral in all special religious, political and economic principles." (From the official declaration of principles.) The Corda Fratres at present comprises the following national organizations as its constituents: Consulates of Corda Fratres in Italy, Holland, Hungary and Greece; the Association Generale des Etudiants de Paris, and the Union Nationale des Associations des Etudiants de France; the Verband der Internationalen Studentenverein in Germany; the Liga de Estudiantes Americanos, including student organizations in the Argentine Republic, Brazil, Chile, Paraguay, Peru and other countries in South America; and the Association of Cosmopolitan Clubs in North America. Thus, at present, the sole United States constituent is the Association of Cosmopolitan Clubs. It was recommended that the Intercollegiate Menorah Association accept the invitation to join Corda Fratres as a unit co-ordinate with the Association of Cosmopolitan Clubs, it being understood that the Menorah Association, while thus expressing its approval of the purposes and spirit of Corda Fratres and desiring to aid in its influence and to contribute the element of Jewish culture and ideals to its spiritual constituency, would not be qualified in any way as to its autonomy, purposes, and activities. During the past year the Association continued its lecture system, and genuine thanks are due to all the speakers, members of the Menorah College of Lecturers, who have so generously given of their time and effort to the Menorah Societies.