LOSS OF MALAYA
RETIRED PLANTERS SUFFER
LONDON, Feb. 15. The loss of Malaya means that 250.000 investors in Britain will be deprived of the £10,000,000 to £15,000,000 ,a ( year they had been drawing in divi- .... deads .from the, rubber estates. Hardest, hit dliaU 1 are many retired ..m ober '■ piahter£,WK'o had'Mv'esfed'the bulk of their savings in an industry about which they thought they knew everything. Normally, these men do not get a pension. Instead, they draw a lump sum on retirement from the rubber companies’ provident funds, which they invest as they think fit. An official of the Incorporated Society of Planters told the Sunday Express; “Many cases of hardship are likely to arise. Men who never expected to work again will have .to look round for a job. We may be able to help them make a new start in agriculture, estate management, or as club secretaries." London offices of the rubber companies are doing their best to look after the families in Britain of planters caught by the Japanese invasion.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19420509.2.53
Bibliographic details
Otago Daily Times, Issue 24911, 9 May 1942, Page 5
Word Count
172LOSS OF MALAYA Otago Daily Times, Issue 24911, 9 May 1942, Page 5
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in