OCR Text |
Show NOT ALL OUTGOPeal OUTGOPeak OUTGO Peak Peal { . Foreign Foreifn ! ; Income IncoIne Re-ported Re ported Reported Repol - ted I WASHINGTONCompensating WASHINGTON Compensating -Compensating - In Inan inan inan an mfln Infin tesimal degree tor for the V vast vastsums vastsums l < t tsums sums of Un tcd ted States money v.hlch vhlch which v.hlchhave whichhave . whichhave have flowed Ilowed abroad abro"ld abrold " during durmg the post postwar postwar postwar war era for relief of devastated devastatedcountries devastatedcountries devastatedcountries countries earnings earDlngs on American American- Americanin - , in investments investments investments l devastatedl vestments in foreign countries countriesreached countriesreached countriesreached reached milliondollars a new peak ol of 520 million dollars last year it is revealed m in ma ina ina a department of o1 commerce survey The surveyThe return h ghest In blstorj history histor ; sur surpassed surpassed surpassed passed by 18 per cent the best year yearof yearo1 yearof of o1 the 1930s 19305 andwas and was well weU above the thepreceding thepreceding thepreceding preceding peak of 474 million mUllon dol lars dollars earned in 1028 1928 For 1933 1938 top topyear topyear topyear year of o1 the 30s the figure was 440 440million 440million 440million million dollarsThe dollarsThe dollars dollarsThe The higher return was largely at tnbutcd tnbuted tributed to an increase of d rect m in mvestmentb investments investments vestmentb vestments nbroadThese abroadThese abroad nbroad abroadThese These are d rect private pnvate business businessinvestmentsnot businessinvestmentsnot businessinvestments investments-not investments not - not government loans loansThey loansThey loansThey They include mclude principally prmclpally tore fore gn branches gnbranches and subsidiailes bubsldlalies subsidiaiies of Amer AmerIcan Amerlean American Ican lean cnterpris"s cnterpriss enterprls"s enterprlss enterprises " and foreign com corn compames cornpanics cornpames pames panics inwhich in which Americans own ownmore ownmore ownmore more than 25 per cent of the votmg voting votmgstock votingstock votingstock votingstockAbout stock stockAbout About o 0 ie 1e half of the 1946 income incomeor or 273 m ] Ihon l1on Ilion dollars doUars was rece ved vedfrom vedfrom vedfrom from Lat n America and one onefourth onefourth onefourth fourth IromCanada fromCanada 126 million mHIlon dollars from Canada The remaining remaiOlng remaimng fourth was dIvided wasdivided bet veen Europe Asia At Atrica Atnca nca rica and nnd Oceania Oceama OceamaAmong OceaniaAmong OceaniaAmong Among the countries involvtd involved , . , Canada has consistently occupied occupiedflrst occupiedfirst occupiedfirst flrst first place Countries next in 1m im 1mportance importance importance portance in m provid ng income on onAmencan onAmerican onAmerican Amencan American direct investments were wereVenezuela wereVenezuela wereVenezuela Venezuela Cllle Cl lie ile the Un led ted K h . . ng ngdom ngdom ngdom dom Cuba Argentina Argentma Brazl Braz 1 and andMexIco andMexico andMexico andMexicoLargest I MexIcoI MexIco MexIcoLargest Largest single income producer producerwas producerwas was the petroleum industry which whichaccounted " , whichaccounted hich hichaccounted accounted for 170 million dollars dollar , $ in in1946 1946 Manufacturing was second secondwith secondwith secondwith with returns approximating approxlmatmg 130 mil mil1 milI I 1 on dollarsM dollars dollarsM M n ng and smelting produced 65 65mill 65mill 65mill mill on doll dollirs dollars "Irs Irs " publ c utilities utll1tles 50 50m.ll 50m.ll 50imll m.ll mll . . on agriculture 45 millionI million4Jstrlbuun milliondistribution million millionUstribution I Ustribution 4Jstrlbuun distribution < ' ) industries mdustrles 40 mill on onI onand onand onand I and other industries mdustrles 20 million millien |