U.S. INVESTMENTS

Hokitika Guardian, 2 July 1929, Page 3

U.S. INVESTMENTS

ACROSS THE PACIFIC. United* Press Association - By Electric ' Telegraph—Copyright). WASHINGTON, June 30. The U.S.A. Department of Com-merce-lias announced, .-after a study of tne finances of the.-Far East, that they are \ assuming apposition of increasing importance to the American investing .public. Tlie i[.study shows that from 1914 to I,92B'inclusive, nearly:, one billion dollars went into Far Eastern issues, .publicly offered in the United States. The total investment in these securities, exc-lnd'ihg tlie Philippine Islands, yv,ak c eirflityrons million two hundred.and fifty-eight thousand ddllars, of which l Approximately threequarters aye represented by the Government, Provincial and Municipal isf«wes. Large additional’'investments mndep’in : business enter-prises,-'..imianthrppic undertakings, and c-oronornte issues .not publicly offeree!.

The Department adds.: “Australian, borrowing lias been one of the ou‘.stanLing features of our financial relations in recent years. Although theve did not commence until the latter part of 1921, they’ had reached at the c-losr-of last year a total of two hundred and forty-six miFioh«. American in vestments in Australia are largely l confined to Commoinvealth and State, securities.”