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since the holding company can now live cheaply and will make enough money in its other departments, especially in these times. Business in Singapore in general is said to be prosperous as they get very good margins on all articles.
Sig. [Sigmund] Katz seems to have felt uneasy in Singapore because he left for America, via Japan, in early April. So of the board of directors only Gansloser and Webster are left, unless they have appointed some new ones in the meantime.
Louis Katz and his family are still in London; as naturalised residents they can’t enter
Germany.
Max Frauli, too, thought it better to leave Singapore and went to Switzerland with his family.
One can see from all this how people who changed nationality, be it for business or other reasons, are now neither fish nor bird. True nationals will never be

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