Total Compensation Likely to Be Over $1,000,000
Washington, Jan. 24, American demands for indemnity payments by Japan for the sinking of the American gunboat Panay last month will total at Least $3,000,000 or $1,500,000, authoritative sources. told the United Press here to-day, Japan. it wns recalled, has agreed to pay indemnity for the sinking of the American warship'
'The exact indemnity to be. demanded, it was revealed, depends on the extent" to" which' Americans wounded in, the fatal bombing recover from their injuns 'A separate and larger indemnity probably will be demanded of Japan In behalf of the Standard Oil Com pany for Japanese bombings of Standard Oil tankers on the Yangtze coincident with the attack on the American gunboat.
American demands. for indemnity, it-was understood, will include only. replacement costs, lost - materials, benefit payments ta the injured and bequests to families of the dead. OMelals here indicated no punitive indemnity would be demanded.
Text read from the printed page and cleaned; old type leaves the occasional error.