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White initials here:
Cords, Rostock' as No. 964 of the on-line 1912 Lloyds Flags & Funnels.
Aug. is indeed August: a short article about him (in German) is here.
Dates 1859-1919, shipchandler in Rostock 1885, founded shipping company
in 1903. Firm (still owned by descendants) moved to Bremen (after WWII
I suppose), in existence till 1971.
Jan Mertens, 12 Jan 2005
Aug. Cords, Rostock - blue flag, red diamond bordered white;
black "A.C.". Wolters' See und Seefahrt (1968) lists it as Aug. Cords
u. Cords & Co., GmbH, Bremen (white initials).
Image after Brown's Flags and Funnels of British and Foreign Steamship Companies, compiled by F.J.N. Wedge, Glasgow, 1926 [wed26]
Jarig Bakker, 10 Feb 2005
August Cords & Cords & Co
The company was located in Bremen. It is a blue flag with a red lozenge, fimbriated white, in its centre, having a white inscription “AC”.
Source: “Deutsche Reedereien und ihre Erkennungszeichen”; 2nd ed.; Hamburg 1956; p.14
Klaus-Michael Schneider, 29 Mar 2009