Japan's milliard dollar investment in Shantung Province was belli io have been virtually destroyed by the Chinese, a Japanese Embassy spokesman told foreign correspondents at a press conference last night.
While actual figures on the losses suffered by Japanese properties could not be obtained at the present time, they were believed to be very heavy, the spokesman. said.
Listed as among the principal properties damaged were: the Tsingtao mills, coal mines in the vicinity of Changtien, and rolling stock of the Tsingtao-Tsinan Railway.
Most of the railway rolling stock was held for a $40,000,000 loan, of which $20,000,000 still was outstanding. The loan matured at the end of 1937 but was not repaid.
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