order to secure these, DEFAG took a mortgage on the dye-works in the summer of I937 and in December had it transferred for security's sake. The Japanese do not want to recognize the transfer. Furthermore they prevent the resumption of work of the 2, 4 and 5 works. SIEMSEN & CO. Shanghai Portland Cement Works. Many years of close business contacts and high claims by SIEMSEN. Transfer for security's sake on 27 October 1937* The Japanese have removed the in¬ventories of goods and part of the machines; they do not recognize the transfer. SIEMSEN fears that it will be taken over by force by the Japanese. CABLOWITZ & Shun Chang Stone Pulverizing Works. China CO.Wool Manufacturing Co. Ltd. Many years of business contacts and high claims by CAKLOWITZ. Transfer of property not recognized by Japanese. The mortgaging and transference, respectively of these works has been reported to the Japanese Consulate General in each case, with the result that there systematic plundering generally stopped in front of those enterprises under the German flag. When the German firms wanted to start running