ISSUED BY THE INTELLIGENCE DIVISION, OFFICE OF CHIEF 
          OF NAVAL OPERATIONS, NAVY DEPARTMENT
 
                      ATTACHE's REPORT
 
From NA/TOKYO  Date OCT. 11, 1939  Serial No. 231     File No. 902-100
Source of information RELIABLE
Subject JAPAN  NAVY-POLICY-BASIC
 
 
     JAPANESE CAPITAL SHIPBUILDING PROGRAM
 
Japan now has eight capital ships building in Navy yards. 
These include: 
     four 40,000 ton vessels to be completed in 1941
     four 43,000 ton vessels to be completed in 1944
All of these vessels carry twelve 16-inch guns.
 
Believed being to built in private yards are two 15,000 ton crusiers and on 20-25,000 ton aircraft
carrier.
 
 
 
DISTRIBUTION:
ONI            (7)
CinCAF         (1)
Com 16         (1)
NA/Peiping          (1)  
M/A Tokyo      (1)
ANA/Shanghai   (1)
File           (1)                      H.H. Smith-Hutton,
                                        Lt-Comdr., U.S. Navy,
                                        Navy Attached