Show NOT ALL OUTGO peak foreign F 0 I 1 1661 L rn income reported re F s hollsted washington compensating in an infinitesimal degree for the vast sums of united states money which have flowed abroad during the postwar era tor for relief of devastated countries earnings on american investments in foreign countries reached a new peak of million dollars last year it is revealed in a department ol of commerce survey the return highest in history surpassed by 18 per cent the best year ot of the and was well above the preceding peak ot of million dollars earned in 1928 for 1938 top year ot of the the figure was million dollars the higher return was largely at tributes tri buted to an increase ot of direct investments abroad these are direct private business investments not government loans they include principally foreign branches and subsidiaries of american enterprises and foreign companies in which americans own more than 25 per cent of the voting stock about one half of the 1948 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 africa and oceania among the countries involved canada has consistently occupied first place countries Count n next ext in importance in providing income on american direct investments were venezuela chile the united kingdom cuba argentina brazil and mexico largest single income producer was the petroleum industry which accounted tor for million dollars in 1946 manufacturing was second with returns approximating million dollars mining minine and smelting smelling sm elting produced 65 million dollars public utilities 50 million agriculture 45 million distribution industries 40 million and other industries Indu 20 million |