SCHOOL FOR PICKEDUAIR STUDENTS OPENSBr United Pre**SAfcTA MARIA, April 30.—The Hancock Foundation College of Aeronautics, said to be the first of Its kind in the United States, will open here tomorrow with 40 selected students.The Institution, endowed by Captain C. Allen Hancock, backer of the Southern Cross transpacific flight, will wo*fc toward turning out expert pilots and mechanics on a non-profit basis. Students will be forced to fulfill army requirements and will be trained by former March Jfteld flying instructors.The school comprises an 80-acre field with’ special runways for student- The articles of incorporation, as dictated by Captain Hancock, provide that the charg6 to each student far *tuition shall be fixed at the lowest pciaiMd fipure and that in no case / SaiJ the tet edul the cost of in-ettiijetlon, service and facilities fur-11 ixiahed to the student.” e;o;