Page:Walter Renton Ingalls - Wealth and Income of the American People (1924).pdf/90

68 that manufacture there. Thus the Ford Motor Co., the Singer Sewing Machine Co., the Westinghouse Electric and Manufacturing Co., etc. The American petroleum refining companies own and control extensive plants for the distribution of their products.

I put the total American investment in Great Britain conjecturally at $250,000,000 at the end of 1916 and at $300,000,000 for the end of 1920.

During 1920 there were taken in the United States 60,000 shares of Rand Mines, Ltd., at $2,400,000 and 80,000 shares of De Beers Consolidated at $3,760,000. Other gold and diamond mining shares bring the total of American investment in South Africa up to about $15,000,000.

The United States Rubber Co. has about 117,000 acres of rubber land, the Goodyear Tire and Rubber Co. about 20,000 acres and the Continental Co. about 20,000 acres on the Island of Sumatra; and the Manhattan Rubber Manufacturing Co. has about 2,000 acres in Java. The investment of money in these lands and plantations has been approximately $15,000,000.

The American meat packers, especially Armour and Swift, have interests in Australia and New Zealand. The Rima Gold Dredging Co. has put about $750,000 into gold mining in New Zealand. Altogether American capital may have $5,000,000 invested in Australia and New Zealand.

There is a rather large American investment in China, chiefly mercantile. According to the New York Herald 136 American concerns were doing business in China in 1914, while in 1920 the number was upward of 400.