Billion Dollars' Worth of Securities Purchased Washington, July 1.
A Department of Commerce vey' published to-day shows American investors purchased nearly a billion dollars worth of Far East securities between the years 1914 and 1928, mostly in China and Japan.
More than $640,000,000 of this total was in government, provi ial ad municipal issues) publi In addition there were large vestments in businesses,—philanthropies and corporate issues which were not publicly. offered.
These were found to exceed '$147,000,000 in China alone.
Philippine Government invest ments absorbed a total of $148- 632,000.
Australian—investments 1921 totalled $246,000,000.
is anticipated that the pro sent efforts of financial exp surveying in China, combined with the Chinese Government's extensive railway and. other development plans, may lead to further extensive investing on the. part of Americans.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.