CO129-429 - Public Offices & Others - 1915 — Page 43

6.

42

were sent either direct or through the Deutsch-Asiatische

Bank with letter of lien attached,

Exports. Almost all the business financed by Drafts on London brances of the Dresden Bank, and the London and

Hanseatic Bank.

Profits on exporte averaged 2-3%,

There was practically no gambling in exchange and the books were well kept.

# 629,000 of piece goods were out in the hands of dealers, As much as 2 years oredit having been allowed in some cases. The firm made a profit of between $ 70–80,000. on a turn-

over of $ 3-5,000,000.

Bay 2%.

Sander, Wieler & Co. Agente for Leopold Casella & Co. dye Manufacturers of Frankfort. The dyes were consigned free, and all expenses and 6% Commission was deducted from the

Account Sales,

In 1913 the turnover in dyes was as follows:-

Aniline dyes $ 263,821

Immedial dyes " 154.766

Fotel

418.587

▲ direct up-country distribution scheme was carried on by means of native Agents,who produced both cash deposièts and guarantees, and to whom goods were consigned to the value of their security. Messrs. Casella & Oo, employed two

WOKA chemists, who were paid by them, travelled up country and

They also sent smart Chinese home to the bookd, demonstrated.

and afterwards employed them for demonstration purposes, The agents were paid a small salary and commission. local Chinese brokers received § 30 per mensen and 14 brokera

go.

The

Piece Goods.

Manchester Houses.

Very large piece goods business with many

The goods were mainly finansed through

the exchange Banks and the London Accepting Houses such as;-

Frühling and Goschen.