CO129-430 - Others & Individuals - 1915 — Page 616

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The Under Secretary of State, Colonial Office -6- 9/12/15

594 Nevertheless, as the name 'Sanders Rehders & Co. was then

beginning to make itself known, and so much importance at-

taches in business to continuity of name, it was decided to

make no alteration in the style of the firm. The same argu-

ment had increased foroe when the business was converted into

a private limited Company.

About 27% of the Company's Capital is held by enemy

aliens who, however, have never received any dividend on

their holdings.

Before the war, a great portion of our export business

was done through German houses in China. This was stopped,

of course, by the war and brought completely to an end at the

date specified in H.M. Proclamation of 24th June last, by

which time we had succeeded in shipping almost all our pre-war

contracts, thus relieving British manufacturers of a burden of

not less than £70,000. In the meantime, besides increasing

our business with our old British connections, we have, thanks

largely to the whole hearted support which the Commercial

Intelligence Branch of the Board of Trade has given to our

own unremitting efforts, secured fresh openings, either British

or Neutral, in almost every part of the world, and we are now

gradually building up a new business in the export, through

new outlets, of British manufactures, which by this means are

reaching some markets whence they had been ousted by our enemies.

One department of our business which is concerned in the