RETIRED PLANTERS MAY WORK AGAIN

Bay of Plenty Beacon, Volume 05, Issue 56, 22 May 1942, Page 5

RETIRED PLANTERS MAY WORK AGAIN

Loss of Malaya means that 230,000 investors in. Britain will be deprived of the £10,000,000 to £15.000,000 a year they had been drawing in dividends from the rubber cs-r tates. Hardest hit of all' are many retired rubber planters who had invested the bulk of their -savings in ait industry about which they thought they knew everything. Normally, these men do not get a pension. Instead, thej- draw a lump sum on retirement from the rubber companies* provident funds, which theiy invest as they think fit. An official of the* Incorporated Society of Planters toldt the Sunday Express: "Many eases oft hardship are likely to arise. Mem. 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 com-* panics are doing their best to loolt, after the families in; Britain of" planters: caught by the Japanese invasion. It is uncertain hew long* they can continue making payments. Their income, has gone, and they* want to save what money they have* to put the estates in order again* after the Japanese have been thrown out.