The war had also diverted Tudor colonial efforts, but the English who had invested in privateering expeditions during the war garnered enormous windfall profits leaving them well placed to finance new ventures. The establishment of the East India Company in 1600, was significant for the growth of England (and later Great Britain) as a colonial power. A factory was established at Banten, Java, in 1603 while the Company had successfully and profitably breached the Spanish and Portuguese monopoly. While the incipient illegal trade with the Spanish colonies was brought to an end, there was deadlock over English demands for the right to trade in the East and West Indies, which Spain adamantly opposed. Eventually the complications resulted in the treaty avoiding any mention of the matter.