28 JANUARY 1938, Page 44

SEDENAK RUBBER ESTATES.

Several rubber company chairmen have recently drawn attention to the burden of Eastern taxation upon their profits. Mr. Philip C. Turnbull, chairman of Sedenak Rubber Estates, told the shareholders on Tuesday that Government charges in the past financial year constituted 124 per cent. of their estate working costs. His reply to the suggestion recently advanced by the Financial Commissioner in Johore, that taxation should be increased in good times, was that a strong case exists for the early and permanent reduction of taxation. * * * *