ALIEN PROPERTY: Off the Block

There were few finer catches in the Government's Alien Property net than North American Rayon and American Bemberg Corps. Between them, the onetime partly German-controlled companies made about 8% of all U.S.-made rayon yarn. But North American and Bemberg also proved to be a spiny, troublesome haul. The Dutch Algemeene Kunstziide Unie, N.V. (AKU) complained that the companies really belonged to it. Later the board of directors, representing the minority stockholders, began to complain (TIME, March 8). They wanted the Office of Alien Property to give up its control of the companies.

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