Whether or not the transaction involving the sale of the Chinese Chun Tah Cotton Mill to the British China Spinners Limited, a company formed especially for this purpose, was "specious or genuine" would determine the attitude of the Japanese authorities towards the case, a Japanese Embassy spokesman said yesterday morning.
The bona fides of the deal, the spokesman said, would be the principal element to be studied.
The fact that the preliminary deed of sale had been signed in September, after the outbreak of the hostilities in Shanghai, was of secondary importance, the spokesman indicated.
He declined to comment further on the case, stating that an investigation into the case was now being made by experts.
Text read from the printed page and cleaned; old type leaves the occasional error.