Show NOT ALL OUTGO peak foreign income reported ted washington compensating to in an infinitesimal degree for the vast sums of united states money which have flowed abroad during the postwar era 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 of commerce survey the return highest in history surpassed by 18 per cent the best year 0 of the and was well above the preceding peak of million dollars earned in 1928 for 1938 top year ol of the 3 the ogere was million dollars the higher return was largely at tributes trl trI buted to an increase 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 halt half of the 1046 income or million dollars was reb received elved 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 next 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 donais to in 1946 manufacturing was second with returns approximating million dollars mining and smelting smelling sm elting produced 65 million dollars public utilities 50 million agriculture 45 million industries 40 million end and other industries 20 million |