COLLEGE GRABS in '57 will get record starting pay, averaging $400 a month in business and industry, double the figure of ten years ago. Biggest earners, survey by Northwestern University shows, will be engineers at $433 V. $385 for liberal-arts and most business graduates.

BRITANNIA TURBOJETS will go into commercial service in February. After many delays, Britain's Bristol Aeroplane Co., Ltd. has modified turbine engines, cured problems of icing, flameouts. British Overseas Airways Corp. will start planes that can carry up to 133 passengers on London-South Africa run, later fly them to Australia, Far East.

BIGGEST ATOMIC POWER plant in free world will be built near Glasgow, Scotland, generate about 360,000 kw. by 1961, save 1,000,000 tons of coal yearly. Combine of British General Electric-Simon Carves will put up $100 million plant. Over next decade, Britain expects to build 17 nuclear power plants at cost of $1.2 billion.

INLAND WATERWAYS in U.S. are carrying 20% more traffic this year than 1955's record 867 million tons. Business is up 20% on Tennessee River, 15% on lower Mississippi and Gulf Intracoastal Waterway (TIME COLOR PAGES, Oct. 1). Total U.S. waterborne traffic--including imports and exports, coastal, lake, inland waterways--topped 1 billion tons last year for first time in history.

G.M. TRUCKS will be built in Brazil for first time. Automaker will spend $10 million for enginebuild-ing and foundry equipment, as a start, will eventually turn out six-cylinder Chevrolet truck engines from new plant near Sao Paulo in 1958, Chevy-type trucks later. G.M. is trebling its automotive investment in G.M. do Brasil, which now makes truck cabs and refrigerators, assembles trucks, cars.

SLIDING-SCALE INSURANCE, with lower rates for big policies, will be tried by Northwestern Mutual Life, first major company to do so. First $5,000 of coverage sells for standard rate, but premium drops $1 per thousand per year on policies from $5,000 to $10,000, drops $1.25 on those over $10,000.

SUPERSONIC MISSILE for Navy, Chance-Vought's surface-to-surface turbojet Regulus II, will soon be in production with $26 million order. Designed for subs and cruisers, missile is much faster (estimated speed: 1,000 m.p.h.) than subsonic Regulus I.

G.I. HOME LOANS will be eased by new Veterans Administration rule. V.A. will allow lenders to make tentative loan commitments with understanding that loan can carry an interest rate higher than, the 4 1/2 1/2;% legal maximum, provided Congress raises maximum before deal is closed.

COMMUNIST CURRENCIES are plummeting because of satellite unrest. Hungary's forint, pegged officially at 12 1/2, hit alltime low of less than 1-c- on Zurich and New York free markets, as refugees rushed to sell at any price. Russia's ruble, pegged officially at 25-c-, has dropped on U.S. free market to 7-c- v. 12 1/2 one year ago.

BIG MEAT PACKERS are pushing for permission to branch into retail meat, grocery business. Swift, Armour and Cudahy have petitioned Federal District Court in Washington, D.C. to revoke consent decree of 1920 prohibiting them from owning retail meat markets and restricting their dealing in 140 products, e.g., fruits, vegetables, fresh milk.

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