-19hundred miles to and from the target. With such a system the reactor power requirement is less; and the system Looks promising, With regard to naval reactors, Dr. Hafstad mentioned that the SR Naval Reactors eéres and fuel elements have been improved, with great increases in their expected lives. . THe fabrication of SIR parts was coming along on schedule, Dr. Hafstad next turned to civilian power reactors and the "Five . Year Program', He indicated that policy had emerged as a result of. discussions by the Commissioners’ at their Topnotch Mocting, and that . owt actions had been taken to set policy. encouraged, Industrial participationis to be os The AEG expects to use government money to support: research and development projects in the National Laboratories. The favored. method of subsidi zing ‘power reactors would be to construct plants)with | government money; by-product plutonium might. be purchased, although not. at premium prices. Dr. Hafstad quoted at length from a Commission action ws paper, which was not at the moment in the hands of the Committec, Industrial study group contracts are being revised in. the light of the decisions taken, At 11:50 a.m, Dr. Smyth entered, Employing numerous charts as "visual aids", Dr, Hafstad next dis- Five Year cussed the Five Year Program. ‘It was planned to spend large sums on the Cuyil Power . Program fast breeder approach. given as Follows: The distribution of cumlative costs by1958 was: oS fast breeder, $80 million; homogeneous reactor, $40 million; wate r reactors (exchiding PWR), $20 million; sodiumgraphite reactor, $15 million. These include pilot plants for the fast