• U.S.

FOREIGN TRADE: Pacific Losses

1 minute read
TIME

Two U.S. corporations last week reported on their war losses in the Orient:

> In December 1941, Pacific Tin Consolidated Corp. destroyed its Malayan mines on orders from the British. Result: $10.6 million damage claims filed with the U.S. and British Governments.

> Standard Oil Co. of California, on the other hand, has not even written off its $6.5 million investment in the Dutch East Indies because the stake is mainly undeveloped oil land concessions.

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