to encourage international commerce make it important to have such knowledge currently. The writer, in Novemnber i95o, requested information on their foreign holdings from more than a hundred American manufacturing corporations.2 Seventy-two companies supplied the data which are summarized in Table i. As of May I943, the Treasury study showed the foreign assets of American corporations and individuals with a 25 per cent interest or more in companies abroad, as amounting to $7,365,000,ooo. About 6,ooo corporations and indi-