2 owned subsidiary of a British concern to an American corporation.) But they do not prevent the sale of British-owned shares to a British company which is in fact the wholly-owned subsidiary of an American parent. Thus there was no legal power to prevent the sale by the Maxwell interests of shares in the Associated British Picture Co., Ltd., to Warner Bros, Ltd., a British company wholly owned by the Warner cinema interests in the United States. 6. This gap is not so serious as it may look. An American parent may already own a subsidiary here for infiltration purposes.