Show NOT ALL OUTGO peak F f f foreign 3 n income n e reported washington compensating in an infinitesimal degree for thelast the vast sums of united states money which have flowed abroad during the post war era tor for relief of devastated countries earnings on american in vestments in foreign countries reached a new peak of million dollars last year it is revealed in a department of commerce survey the return highest in history sur passed by 18 per cent the best year of the and was well above the preceding peak of million dol lars ars earned in 1928 for 1938 top year of the the figure was million dollars the higher return was largely at tri tributes buted to an increase of direct in vestments abroad these are direct private business investments not government loans they include principally foreign branches and subsidiaries of amer ican enterprises and foreign corn com banies in which americans own more than 25 per cent of the voting stock about one half of the 1946 income or million dollars was received from latin america and one fourth million dollars from canada the remaining fourth was divided between europe asia at af rica and oceania among the countries countr countries ils involved canada has consistently occupied first place countries next in im in providing income on or american direct investments were venezuela chile the united kirg dom doin cuba Jr argentina gentina brazil and mexico largest single income producer was the petroleum industry which accounted for million dollars in 1946 manufacturing was second with returns approximating mil lion dollars mining and smelting produced 65 million dollars public utilities 50 m malion agriculture 45 million distribution industries 40 million and other industries 20 million |