As well as administering Krupp's finance (with considerable success), Hugenberg also set about developing personal business interests from 1916 onwards, including a controlling interest in the national newsmagazine "Die Gartenlaube" ("The Garden Arbor"). In 1914, Hugenberg welcomed the onset of the First World War, and resumed his work with his close friend Heinrich Class of the Pan-German League. During the war, Hugenberg was an annexationist who wanted the war to end with Germany annexing much of Europe, Africa and Asia to make the German Reich into the world's greatest power. In September 1914, Hugenberg and Class co-wrote a memorandum setting out the annexationist platform, which demanded that, once the war was won, Germany would annex Belgium and northern France, British sea power would end, and Russia would be reduced to the "frontiers existing at the time of Peter the Great". Beyond that, Germany was to annex all of the British, French and Belgian colonies in sub-Saharan Africa, and create an "economic union", embracing Germany, France, Austria-Hungary, Italy, the Scandinavian nations and the nations of the Balkans, which would be dominated by the Reich. Finally, the Hugenberg–Class memo called for a policy of colonization in Eastern Europe, where the German state would settle thousands of German farmers in the land annexed from the Russian Empire.