I believe the film's actual title was "The Heritage of Youth - Will It Be Good or Bad?"
As others have stated it was presented at Circuit Assemblies and later at the congregatinal level by the CO. After run through the circuit the film was to be left with the circuit for use by any brothers who wwished to present it.
Actually for it's time it was quite well done. Ulyss Glass and Ed Dunlap were quite involved in the production from inception to final product.