London, May 24.
Mr. H. Behn, President of the International Teleph: d Telegraph Corporation. a United States concern, is now in Switzerland, it is reported. to dispose of the corporation's holdings in Germany and occupied Europe.
The corporation is a holding, service and management concern having no fewer than 32 subsidiaries in Germany and other countries, of which 16 are in Germany, three in France and two in Belgium. M. Behn sold two Rumanian subsidiaries just before the German Army marched in.
So far as is understood no German company has been disposed of. Some Americans however have sold back to Germany holdings in German firm:
These transactions are involved and complicated by various kinds of German marks. Often they are effected through Sweden and Switzerland. Another plan adopted by United States companies is to change nominal ownership of German subsidiaries, copying German tactics with United Roosevelt To Report On German Attempt At
Text read from the printed page and cleaned; old type leaves the occasional error.