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DeClermont and Donner became a limited company in 1938 when it merged its business at 27 Saint Thomas Street, SE1 with a company called The South India Export Company, which they owned. The object of the new company was, in the words of its Memorandum and Articles of Association, "To carry on business as tanners, curriers and leather dressers, and as manufacturers, importers and exporters of and dealers in leather, chamois, leather-cloth, hides, skins, shagreen, artificial leather, oilcloths, linoleum, leather coats, leggings, linings, gloves, purses, boxes, trunks, suitcases, portmanteaux, fancy goods, bags, saddlery, boots and shoes, hose, washers, belting, flax, hemp, jute, manilla, balata, rubber, cotton, artificial silk, baises, wool and any other commodities..." It had interests in the Middle East - Aden and Ethiopia; and South India. Later, subsidiary companies also acted as hide and skin merchants, leather and paint manufacturers and crude drug merchants.