A Letter From The Publisher, Mar. 19, 1951

Writer Bill McHale is back in BUSINESS & FINANCE after three months' work for another weekly magazine, the London Economist. He didn't quit; he wasn't fired; he was lent, from TIME.

The lend-lease plan under which McHale worked began as an idea of T. S. Matthews, editor of TIME. In London one day last spring, Matthews had a talk with Geoffrey Crowther, editor of the Economist. Crowther agreed to give one of our writers "house room," but modestly insisted that he saw no way in which TIME would benefit. Matthews replied that he'd take the chance. So began McHale's tour of duty...

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