Thursday, March 12, 2009

18.3.57

Written on a Hongkong and Shanghai Bank printed air letter for Calcutta.

Scribbled this off now as worked to 7pm to-night and we are out Tues. Wed & Thursday -very social! P.

Dear Mum, Dad and Alan,

Your letter arrived as mine left so you will have two close to-gether. Most interested in the source and facts of Margarets's mention of trouble in Calcutta - news to me, Hammond, Black and Bacon are going on normal UK leave and Lloyd has been promoted. We presume Mills and Howard are on normal moves - in a few month's time. The only trouble we have is Indian customers, I shall probably be completely "round the bend" when I arrive home! They have just had 2 election results in Calcutta - out of 40 or so to come - 47 injured and one motor cycle burnt. They are all nuts! We laugh heartily when we hear that the outside world is just beginning to realize through the UN what they are like. They will say anything as long as it suits them - their logic is from Alice in Wonderland - and as for Menon, well I have him or his double at my desk all day long - every day. They are all detestable cheats, liars and rogues, the worst being concentrated in Bengal.

Most interested in the rubber shares - my advice is to get out now and stay out. There is no one who can predict what will happen in Malaya after June - and rubber has always been most uncertain. Guess I cant say anything about Standards as when I could not get them at my price I did not press the matter - However, if they slump on the dock strike, buy! All motor firms will benefit from the European Union and I can see some amalgamations coming off for mass production in a big way. Agree on your remarks re P. Bonds but have no time to deal with shares.

Cheerio for now & love Peter.

25.2.57

Calcutta.

Dear Mum, Dad and Alan,

Many thanks for your letter and family tree, it covers enough for Margo's tree in the book. I am sure that I thanked you for my Christmas presents - they did arrive safely and have been well read. I cannot pretend towards anything but the latest murder mystery which we obtain in paper backed editions. I find, apart from these, that I am interested in a near factual historical novel - or pure history. Arther Bryant is very good and anything of his published since 1955 would be enjoyed. I think I have read most of his on Pepys, but believe he started a History of England series though I have forgotten the titles. Hope you can hire a projector when the film arrives - I know it can be done, perhaps one of Alan's people at work will know if he asks around. Fancy Rumania paying out on the oil shares - I wonder why? Now that I am busy share enquiries are an impossibility - guess Ian is more in a position to be reliable - wait till I am working in Securities in Singapore or Hongkong and I may have better knowledge. Amused at your phrase re Stilliard & London as "something to aim at" because their is nothing to aim at in our organisation - it just happens - for such a varity of reasons it is not worth even considering - merely the availability of accommodation at a particular branch may sit one on a course to promotion or the other way around. It is difficult to explain but there are only 250 on the staff with a large proportion on leave at any one time and for rest 1/3 = positions, 1/3 = in the middle, 1/3 = juniors.
and I am nearly at the top of the bottom 1/3 now. With 2 to 3 tours to go before I start looking around. Meanwhile, there is a lot to learn and conditions change faster than we can put them on paper. Dick Lloyd, who is to be Accountant in Colombo is 40 years old and still amongst several of his seniority without an appointment. Its the job you have at 48 or 50 which counts and I am not looking that far ahead (I'm not 30 yet!)

Saw Hitchcock's 'Dial M for Murder' this evening - he is brilliant. It was like a book and a play in one with all the touches that only he presents so delightfully - Very relaxing.

Frank and Avril Thomas have the Christening for Judith on Sunday next and I am reeling off my second film for them. It will be a morning service and so plenty of light - I hope it comes out as well as in the first one.

Ian Sillars wrote with all his news. Elaine's late teeth and early walking may be copied by Caroline. She is standing with support in pram and cot and fully and universally mobile in four legs. "Da da has been a theme song for the past few weeks and we are trying to switch to mama -.

Cannot write more, my pen hand is failing.

Love to you all,
Margo, Peter & Caroline

Wednesday, March 11, 2009

13th February, 1957

The Hongkong & Shanghai BC
PO Box 158, Calcutta.

Dear Mum, Dad and Alan,

Many thanks for your letter - I am a little sleepy after a party last night and am now reclining at leisure sipping a glass of sherry (my last bottle in India as prices are doubling with the new import tax) and as we have a cool spell at the moment the fire is being lit by Mohammed, just for decoration. Ken Rice has been in Hongkong for the last two years in charge of a senior department there so this is a bit of a let down - or so it seems, but one can never tell. Roger Stilliard thought at one time that he had been passed over as Acct in Penang, but he is to be temporary Sub Manager in London in June, a job that would suit anyone, with the possibility of a better office afterwards.

We haven't received the film yet. I am not very hopeful of success as I have since learnt that I was doing something wrong. being of fixed focus close range stuff is not effective unless on a small "stop" and I had not allowed for this. Still something should come out. What is the homeside price for a Kodak or Bell and Howell 8mm. It is worth having a good one. I can always borrow one here & keep one at home for you. Alan can operated it for one month then it could go over to Sydenham for a month etc etc. They are very portable. I'd like to do this instead of birthday & Christmas presents for a year provided it is under 50 pounds. Let me know.

Have sold out in EMI at a small profit. All is going into Premium Bonds now, will be funny if Caroline's came up and not mine!

Yes I have seen a lot of the still projectors for colour transparencies but all in all the cine film is much the best for the job I am after - and that is to give you more of Caroline than a still photo provides.

Am out of shares now except for Oil - cannot give my mind to it whilst doing the new job. There are new restrictions everyday and as we have many contacts with government their illogical unreason takes 100% attention.

The Daily Mail camp is interesting but of course an impossible gamble. They have started at the highest peak in the worst period of the year. The only reactions on the market before May will be unpredictable. I picked EMI Fords and Bowater and then realised that I could not expect a profit until December next. for that date they are all good buys. I only pay half commissions, obtaining the banks's shared brokerage for myself. Bank shares are free of tax to residents abroad but most others are not. Watch for the price of bank shares in April if they go down to 77 or near then.

Can you let me know the full names of your parents, my grandparents. Margo has a Babys Book which has to have everything in including footprints and there is a family tree. I ought to know but the names are forgotten for the moment. You might mention any before that if you can remember.

Closing off now - Carol must be near teething with bright red cheeks but nothing broken through yet. She is full of vitality and difficult to hold - never keeps still unless asleep.

Love from us all,
Peter

Saturday, March 7, 2009

23.1.57

H & S BC PO Box 158
Calcutta

Dear Mum, Dad and Alan,

I think that I have been holding your last letter, written by Dad and Alan, for a week. It is in the office and I am at home - as it is an odd holiday so hope that I miss nothing out of importance. The office has kept me well occupied. Apart from the ? job which in itself would normally have me giving it a lot of attention, the first month of the year with auditors in and half yearly accounts to prepare has carried a great deal of extra details which have had an accumalative effect. Another couple of weeks and we shall be in a routine I expect but I have enjoyed the break from the horrid monotony of the other deary job and am back on the "bills" job which I had on a tempory basis when I first arrived in Calcutta. Because I no longer have telegrams to look after and can have free weekends and half an hour more in the morning I am trying to master that game of golf. Was out this morning at six and met a number of evil smelling vultures on the 14th tee. Horrid things they are too and had to shoo one away before driving off. Conditions are just right to stroll around as the sun is rising, but I enjoy my relaxation so much that I forget to keep going on the game but its good fun. Dorothy wrote with lots of news and her sherry has arrived safely - I hope yours has too. Mrs Aylett & Barbara have received their parcels so am hoping the one to you is in order also. The packing had been damaged a lot but the contents were secure. We have enjoyed the last of our Christmas parties and attended Peter Hammond's wedding which was very good indeed. It reminded us of our own as other weddings had failed to do and we both had a grand time.

A friend of ours has lent us a cine USA Kodak Brownie and to-day we have attempted the first colour shots of Caroline. If successful we will send them to you and hope that someone can lend you a project - 8mm - to see them on. There will not be very many as the expense is something awful - neither will they be edited or artistic, but you may have something, a little better than "still" photos, of your granddaughter - and I can edit them when on leave. This camera has not been used before and we may buy it. It is certainly simple to operate and as you can imagine it has brought back memories of A.I.P. We have been advised to save money on the camera and buy a good projector, but this will have to wait a while.

I find that I have not bought Standards's - my limits were not free enough - but they have appeared steady for a month now. I am in Burma Oil & E.M.I with orders to sell and when out of these hope to have my total cash in P. Bonds. Think that something is bound to come up before it is time for leave. You will have no doubt calculated on the tendency for a rise (short one) as Mr Mac becomes established and when the canal opens. There will be some doubt at first as to whether our ships will be allowed through but in the long run, it is a fair bet, they will be. The market reacts childishly to odd short term events and you may be able to cash in on semi blue chip industrials. My favorites:- Fords & Bowaters are a bit up and so are Rolls - Standards are OK at or near 6/-, but all should take a dip in the next 3 months. However, for me to act I need a telephone and a broker to buy on the day, as the news breaks. My realization, that the prices morning and afternoon may change by a fair margin, has come slowly. As you know, I believe in quick profits between 10 to 20 pounds, on 100 pound lumps, to be taken clear and regardless of future possibilities; bearing in mind that a minimum of 5% p. a. free of tax, on total liquid capital, is zero point. This may be a very simple "system" but it is nice and safe and though it takes trouble I am sure that I could always work it - provided not too much money is involved - my target of 100 pound p.a. on 500 pound is now 60 pounds up with a month to go and if it falls short it will be mainly because I have stepped out. For really big killings I am know how is vital - the certain tip and nothing else. I have been watching Hongkong Bank shares, now at 93 pounds - were at 79 pounds at Suez Crisis time. It seems if you buy low between dividend times DEC-JUNE-DEC they invarably go above the dividends' worth. I think a minimum of 8 pounds per share twice a year free of tax (don't take dividends into account) worth having. If you see a low price less than 85 pounds better 80-82 pounds before July take up to 5 shares and watch them, there may be a small picking before the year is out. 1964 might be a goo year as it is our centenary but is a long way off. People get put off by the price but I see no difference between buying say 100 pounds worth of Standards or an H & SBC 85 pounds for share.

Enough of shares - hope the weather is not too severe for January - ours is moving to summer soon and evenings are lighter.

Cheerio for now love from Margo, Caroline and
Peter.

Undated - sometime in January.

The other side shows the contents of the film which has turned out better than expected. Dennis Bacon is taking it home with him next week and will post it to you. Since writing last I have heard that it is easy to hire a projector and seeing that there will not be many films to show at first I suggest that you try to do this - Margo's Uncle Reg may know where to get one from. The camera seems to be as good as I need and I shall buy it and hope to take a picture of me in the next one. I hope Caroline's teeth come through soon as she is beginning to look a little odd with out them - despite the fact that she can chew biscuits & rusks quite happily. She is now moving more than in the film and has been caught standing by holding on to the cot rails. Quite a bundle of energy and very quick to notice things - will wave goodbye and is trying to clap hands but always misses. We are considering a mark II addition, but it is a bit tricky with leave coming up next year, however, we shall see.

We had a cold snap over the weekend but to-day has switched to heat and humidity - not quite hot yet but the promise is there. The winter all in all has been a good one, but I shall be glad to have some rain to clean the dirt away. It is really a filthy place.

We have had two amusing weekends with customers. One visiting a place making tractors and another - wholesalers of textiles. Bought several lengths of shirting, trousering and stuff for dresses etc. We had to take our shoes off because the material is unfolded all over the place until we were surrounded by bolts of cloth of every colour. As this has developed into a letter am sending it off before yours comes.

Love from Margo Peter & Caroline

!st Cine film 50 feet 8mm Colour shot in January 1957 (this is now also on video)

Caroline in pram Verander No 8 Middleton Mansions
Lifted into Play Pen
Through the bars
Same place ply pen removed
Sam
Caroline crawling
Picked up and sitting on Margo's lap
Sitting in High Chair for lunch
Gobbling Spinich
Drinking from Cup
Margo and pram
Held by Margo
Playing on rug on grass
Held by Ayah
Drinking orange juice
Brief shot of Charles Howard (young boy)


Two odd shots

Long pan shot across Madan from St Pauls Cathedral to the Victoria Memorial

Strut Corner and street scene (opposite Lighthouse cinema) of book shops traffic etc.

Film to arrive during Feb/March

11th Dec. 56

H & SBC Calcutta

Dear Mum, Dad and Alan,

Many thanks for your letter and cards. I enclose Alan's Christmas present and hop it will come in useful. Hope those studies do not fall of as I cannot imagine them being done once married. I have noted the numbers of Caroline's certificates and once again thank you for them. We did celebrate our anniversary by having a Chinese dinner. It was of a more special venture than usual having been ordered in advance and containing all of our favourite dishes. I also bought Margo some earrings but have an idea (quite confidentially) that they were the wrong sort. But we husbands take time to learn the ins and outs of these things. We had a large bank party outdoors last night. Unfortunately it was a little cold, but otherwise the coloured decorations and torchfire on which kebab was cooked made the surroundings for such a party unusual. We have Frank Thomas to dinner to-night as Avril had her baby, a girl, on Sunday. On Wednesday we are out in honour of twins born to a friend of Margos on Thursday. We do our first Christmas entertaining to 6 to dinner one of whom will be someone who knew Barbara in London, form the Chartered and on Friday we are out to the couple we know from AEI. So evidently the "season" is in full swing and each evening at 10.30pm I think longingly of bed and pull myself to-gether for another 2 hours. signs of old age. Caroline has had her 3rd vaccination and this time it has taken. On the foot and very unsightly - poor thing she was very happy at all and the whole week her smiles have been hard to maintain. She sits up now with one hand holding something - some photos to come. I hope your presents & cards arrive OK but they might be late. Am pleasantly busy just now and am doing this whilst at lunch. Must get it off as there is no time for later writing. Everyone is in good form including the dog & the fist.

Love from Margo Caroline & Peter

(editor's note - the dog was a dachsund named Sammy. I don't know anything about the fish!)