Singapore Grip - J. G. Farrell [152]
‘One of Blackett and Webb’s vans came to pick up her belongings the other day. Not that they needed a van, mind you. There was only a small bag and a parcel or two. I gather Walter wanted her moved out for some reason, he didn’t say why. But she’s a friendly sort of girl and I expect she’ll look in to say hello one of these days.’ The Major stood up. ‘I must go and do some work. Monty said he’d be dropping in to see you presently.’
Matthew had begun to drowse over his papers once more when Monty suddenly appeared.
‘Congratulations,’ he said. Monty was looking preoccupied for some reason.
‘How d’you mean?’
‘Well, I hear you and Joan are thinking of teaming up.’
‘Oh, it hasn’t quite come to that, has it? I mean, I know your father did say something the other night about it being a good idea, or something on those lines. But I don’t think anything, well, definite was decided, you know … At least that was my impression. After all …’
But Monty merely shrugged; he did not seem particularly interested in the matter. He said vaguely: ‘I expect I got hold of the wrong end of the stick … But from what they’ve been saying I thought they were planning a wedding … You know, bridesmaids and all that rubbish.’ Monty collapsed into a chair and put his feet up on Matthew’s desk, upsetting a tumbler full of pencils as he did so but making no effort to gather them up again. ‘I suppose this means you aren’t going to want to come in with me and the other two chaps in sharing this Chinese filly,’ he said morosely, ‘that, is, if you and Joan are teaming up. It’s going to make it damned expensive for the rest of us,’ he added accusingly.
‘But Monty …’
‘The other two are regular fellows. Great sports. And it’s not as if there were enough white women to go round (if there were I’d tell you). I don’t suppose you know that there’s only one to every fifty white blokes.’
‘I told you ages ago, Monty, that I wasn’t interested. It’s not my cup of tea.’
‘Oh, all right, all right. Don’t go on about it. It doesn’t matter to me whether you come in or not, though you’ll be missing a splendid opportunity. That’s your look-out, though.’ Monty sighed heavily. ‘I really came over to explain about the replanting of rubber trees on your Johore estate. The Old Man said I ought to keep you in the picture though you’re probably not interested. The answer is simply that it’s more profitable to replant now than to go on tapping.’
‘But how can it be? I thought there was someone clamouring for every scrap of rubber we produce.’
‘It’s to do with the excess profits tax … You don’t want me to go into it, do you?’
But Matthew evidently did want him to, and so, with a much put-upon air, Monty removed his feet from the table and began to explain. When the war had broken out in 1939 a sixty per cent excess profits tax had been slapped on all sterling companies either at home or abroad. Blackett’s hadn’t minded too much at first. Propitious years, as far as they were concerned, had been chosen for the calculation of ‘standard profits’. ‘We found we could still keep our hands on a satisfactory chunk of the profits. All well and good. But then I’ll be damned if they don’t increase the excess profits tax to one hundred per cent! Can you beat it?’ Monty, his eyes blue and bulging like his father’s, stared at Matthew in disgust.
At the same time the price of rubber had risen and more of it could be released under the Restriction Scheme. ‘The next thing we find is that we can make the bloody “standard profits” (all we’re allowed, the British Government confiscating the rest) by producing a smaller amount of rubber than we’re actually allowed to release to the market! Can you beat it? What’s the point in producing more when we don’t make any profit by doing so?’
Monty’s gaze had momentarily become troubled for, although on the whole he believed he did understand his father’s commercial strategy (and admired it, too, his father was hot stuff when it came to spotting opportunities), there was one of Walter’s initiatives for which a sound commercial reason