Tuesday, February 23, 2010

22 Oct 1959

Written on HSBC Jesselton airmail letter.

Dear Mum Dad and Alan,

Many thanks for your letters. Was especially interested in Dad's notes on any rubber shares - I think they may pay something though would like to see their latest balance sheet etc. Will get on to the nearest branch in Malaya when I have time here. What a week on the Stock Exchange! banks over £58 - I wish I had more than 1. The Echtar of Reuter still thinks British Equities are cheap compared with USA-Europe so I suppose a financier would still go ahead and buy even at these high prices. But it would take some doing. I am glad to see you have done well out of recent events. I'd advise caution on rubber as have always felt rubber and tin to be very speculative and there are a large number of take-over bids going on. On the other hand Malaya seems very stable just now and the rubber price has not dropped very much despite the USA-UK stock pile sales. My paper just received gives $1.02 5/8 per lb spot which continues healthy. Shall sell my Kapala if I can get 2/6d or wait a dividend next year. There are some Preference shares in the way so shall see what happens.

Glad you enjoyed the trip to Harry's - it is giving you a new part of England to view. Was amused to read that they are selling their boat and buying a sailing boat for racing - it is what I suggested when Harry was at H. Bay - and he thought it a waste of time! Mike Figg is leaving to takeover SIBU and the Leach's are coming here from San Francisco - what a change. He is a little more senior than M Figg and will suit me as he will hold the S. Accts job - one that I could do in my spare time and I shall not feel that the desk allowance is being wasted. I had my eye on it but it was not to be. They are married and our house should by rights go to them. I am hoping the number of children will determine that we do not have to move. Still short in the office till next week but all goes well. We had a fine Chinese dinner last night and are entertaining guests this evening. Golf match tomorrow but I havent had any practice.

Lots of Love from Margo Peter Caroline Adrienne & Susan xxxxx

Wednesday, February 10, 2010

8th October 1959

Handwritten on HSBC Jesselton airmail letter.


Dear Mum Dad and Alan,

Many thanks for your two letters and the photographs. Am still very busy so excuse this hasty writing. I have ordered the Baby Walker @ 38/- from Bakers. They will give me a discount as well as free of P Tax. To be free of PT I have to order it anyway. It seems just the thing and not too elaborate and I am sure Adrienne will be overjoyed at receiving it. Am now clear about Margaret's new home. In fact they have turned it down for similar reasons to our criticisms made when we saw the sight and plans - though I do not think we mentioned them at the time. We have not done anything exciting recently owing to the weather but the last two days have been hot and dry and I think our dry season is coming in. The children are fine and Caroline is still thrilled with school and has alternate passions for older boys and girls who disdain to converse with the "baby" of the school. Adrienne continues to blossom through being "king of the castle" in the mornings.

Love for now
Peter

3rd October 1959

Typewritten on HSBC Jesselton airmail paper

Dear Mum, Dad and Alan,

Sorry that this is a bit late, but for a change I have been busy. A week ago John Stewart had a bad accident with his car and broke a thigh. He is on the mend now, but to be one short over the end of the month/quarter left the rest of us in the office rushing around. Luckily his replacement for leave arrives at the end of the month so that it is only for a short spell. I cannot remember when I last wrote, but the inspectors have left now. They appeared pleased with the order of things and having seen my correspondence with agencies before they arrived, plus the details of the Brunei changeover they did not really inspect books very throughly. Also the trip had been a long one and I supposed them to be weary. The bank has brought out a sort of "save and hire purchase" scheme for education, in conjunction with an insurance company. It is very good, with the insurance agents commission coming to the member of the staff and cheap interest rates on the overall loan that fluctuates with premium and fees being paid out before policies mature. I have applied and hope they take over my policies and then give full cover for my requirements. It will be very steep going at first but much easier going than wold have been the case. The object is to be all paid up in eighteen years and I have a faint idea that with so many of the staff in a similar position to myself and when the bank sees the figures involved there may be a little "written off" in years to come. My own proposal is pretty involved. That should be the case of each one that goes in, everyone will now presumably having different ideas and I would not like the job of sorting it all out. However, whilst the bank are not giving anything away, it is a step in the right direction and our little problems are obviously looked in to in head office. I now take the daughter of the local policeman to school along with Caroline. She is a little older and is a non stop chatterer. C. of course copies like mad and I am lucky if I can get a word in edgeways at my own table. Am horrified at the thought of the other two doing the same thing, but I guess my fate is sealed. We still have it very wet and have not been able to play golf for a long time. The ball disappears under the ground at every shot it is so muddy. The dry season should start soon . Have at last made a purchase of shares. They are not quoted often and would like you to mention prices last seen in each of your letters. "2/- ordinaries in Kapala Rubber". I don't know anything about them, but if they have rubber they must make a profit in the next two years and a small rise will suit me as I paid 1/11 1/4d. Dealers in Malaya are having a heck of a job finding spot rubber and those who should know consider that demand will be ahead of supply for some little time to come.

Wednesday, February 3, 2010

16.9.59

Typewritten on HSBC Jesselton airmail

Dear Mum, Dad and Alan,

Many thanks for your letter, am not too sure about Adriennes toy myself. Could you see if it is in the local shops so that I can have a proper description for a purchase. As for Christmas, Margo and I would like a Karry cool, sip, which keeps things hot or cold for picnics, about £1.10. Something like a tea set for Caroline, small pull along toy for Adrienne and a plastic cup for Susan. I have sent a batch of photos to Dorothy and Donald and enclose a set for you. They are a bit out of focus this time but the group has been enlarged many times to where it is now. Howard King of Croydon should be sending you a framed picture and I hope it is OK as it is difficult to explain in writing what I wanted done. That is the one of Susan and Adrienne which I think is good enough to preserve. Margaret's new house sounds fine though I have not yet found out why the change was made from the other place that we went to see. Caroline continues well at school and there is a noticeable improvement in Adrienne now that she receives personal attention in the mornings and can be taken shopping. Her speech is coming on too. We had a trip out to an island off shore at the weekend with a few other people. C came too. It was the first time that I had seen coral in the way that is depicted in the undersea films. Whole forests of it in clear water of many colours, with a greater variety of small fish than I had in the Calcutta aquarium. We lunched off legs of chicken with tinned beer and though it a very fine outing indeed. The inspectors arrive next week. Poor chaps they have visited seven offices non stop in Borneo and imagine they will be pretty weary when they come to us. We will have them for five days and do not anticipate anything other than routine checks. Susan is now 18 llbs and seems older than her six months. She can turn over both ways and is generally active. Her looks continue to favour Caroline but with a distinct difference.

Cheerio for now and love from us all,

26th August 1959

Typewritten on HSBC Jesselton airmail letter.

Dear Mum, Dad,and Alan,

Many thanks for your letters I am sorry that mine was a bit late but I expect it was the photos. Adriennes hair did look grand in the pictures but in fact was seldom so picturesque in practice. Very thin and straggly. But it has been cut now, short but with waves and she looks much more presentable. Since Caroline has been at school she (Editor's note - I think he is referring to Ady here) has been better behaved and is talking a lot more, ahead of C at relative ages in this respect. C has a wonderful time at school by all accounts and seems to like it all. It is early yet to judge but they seem pleased with her. Very self possessed and no fuss, which I suppose with some of them there they are thankful for. As birthday is not until 13.11.59 but it is good for you to suggest a tricycle for her. We have talked it over and decided that the one we have is enough as A can use it in the mornings and we do not wish to have C on a bigger one whilst we are on a hill. A likes to rush things about and we would like it to be obviously hers without C butting in. The problems one has with children. However, we have seen a Triang toy that will suit and if I describe the basic requirements you might find it. A metal cart on four wheels tough enough not to crumble under A's hand. Big enough so she does not have to bend over too much. Then she can push it about empty or full. Now if there is purchase tax on it, I could order it from here and save a bit and you could pay when I get the invoice. You will be pleased to know that C's iron is now an important part of her life. To see her iron a pair of panties is a remarkable sight and she makes it look a duplicate in every action of the Amah's. The film is not such a good one and I hope it is only my fault and not the cameras. There seemed to be a lot of light in the wrong places. My still camera is causing trouble too but I hope to fix that in time with a bit of string. They rust so easily and fungus is difficult to get off the lens. Ghurkas are not employed by the British in India. They are hired in Nepal and have been fighting for the last ten years in Malaya where they have distinguished themselves as well as they ever did in their past history. They are illiterate country peasants until they come into our hands and then develop into what must be the most adaptable fighter in the world today. If you look at the map and draw a 2000 mile radius circle from North Borneo you will probably come to the same conclusions that I have , when you consider that a main base in Singapore and Hongkong is not of very much value. The Kota Belud area is now only being kept down. The thing around my neck was probably a handkerchief for the sun. The christening went very well with Susan good as gold. 24 adults and 6 or 7 children came and 7 stayed for dinner and the last one left at 11.30. Gordon Bray stood in for Donald and made an appropriate toast then everything as informal with people relaxing, it was quite a hot day. The archdeacon came up but could not stay too long as he had evensong. His wife is teaching at Caroline's school and brought her boy and girl who are a little older than C. I have not got my BMC or my Swan Brewery shares as the price rose too high for my limit the latter are at 12/3 1/2 and I first saw them at 10/6. Both items are I think still good buys but I am not risking buying at the top of the market. Perhaps there will be a lull when I shall be able to get in. I do not like the Austins peoples car models. I would prefer the old model T Ford to that shape and I think the people in the export markets will too. Still we shall see. Reuters finance seem to think there is still a lot of leeway for the London Market in an upward direction. Love M. P. CAS.

Wednesday, December 30, 2009

20th August 1959

Typed on HSBC Jesselton airmail.

Dear Mum, Dad and Alan,

You are very lucky to be the first to be addressed on my new typewriter. The result is going to be a little odd because it is a pin type machine formally used for typing bank drafts. A few springs have gone and the spacing system is not working. However, I have spent a little time with a duster, have removed a large rusty piece of metal that had no apparent purpose and have tied up two odd bits with string. If you read it it works. I cannot correct mistakes very well because it is hard to rub out and because of the shape of the print. So much excitment in the family during the last few days. Caroline is at school and having a grand time. On the first day she was up at half six wanting new dress, shoes flask of juice pencil and paper for drawing plus nonstop conversation. Well, eventually we were off and arrived on time at eight. We just left her at the door where she lost interest in her parents at once. When she was brought home at twelve it was obvious that she had had a lovely time. Today I collected her and the lady running the school said that Caroline was very well behaved and self possessed ... and had drawn 1234 and ABC very well. So everything is well. Already she is more like the old Caroline instead of being the silly miss that she has been of late. And Adrienne is enjoying mothers uninterrupted company during the morning which will do her good. We had a change for a night out on Tuesday, having dinner with a group of friends playing poker. Margo did quite well and did not loose quite as much as I did. I might take it up in a once a month "school". It will be an expense to find out the way around the cards but if successful it is good training and something that I have wanted to do for some time. The accountant is in the school so I shall be looked after and cant come to much harm. On Sunday evening the local grocer opened a brand new building. Super deluxe for Jesselton with self service and an airconditioned milkbar and small dancehall. We are not customers of his but somehow received an invitation. Champayne was on in the airconditioned section which Margo and I found at an early stage in the proceedings and the golf club boy was behind that bar. We started off by having our glasses refilled in the normal way but shortly afterwards he was just passing the bottle across. It was just as well that we had booked for the pictures with Martin and Mary Curren so that we left at nine. Even so I slept through a good part of the Inn of the Sixth
Happiness. We finished up at three after bacon and eggs at our place which I somehow produced in reasonable order. I still have not heard from london that they have bought those BMC shares so suppose that they could not get them. I have bad luck on motor shares as a similar thing happened with standards when I bid five shillings. Look at the markings ther have been since. Have not made an offerin Melbourne for some Swan Brewery shares. They look a good thing and will send you my report in due course. One attractive feature is that tax is not deducted to residents abroad up to £104 Australian. They are having a share boom just now with America's money coming in. This firm has a monopoly on Western Australia, hotels etc. and their reserves and undistributed is up to the same figure at which the had a capitalisation of reserves some years ago, so thought there might be something for nothing there. Anyway knowing how Australians love their beer I dont think I will loose on it. Cheerio for now and Love from us all. Hope you can read this ... It might improve in time if I get busy iwth a screwdriver,
Love,

11.8.59

The Hongkong and Shanghai BC
Jesselton


Dear Mum Dad and Alan,

Many thanks for your letter - London have not confirmed that they have bought my BMC shares although markings were well below my bid - I expect them to go to 18/- when the strike is over and the small car is on the market - others being equal, 1 to 2 years. Alan's holiday was very extensive - lucky about the brakes, it must have been a tricky experience. I don't understand why British cars should boil! Something add here, engine oil could be too heavy - there are some specially light oils on the market now - height might account for it. Did the car boil when in motion or when stopped? If on a long run here and I have to stop I leave the engine running - otherwise without the fan working the engine heats up too much. The children have turned over a dozen new leaves at once. Our new Amah has arrived, quite young, good English very cheerful and can handle them expertly. It is a great relief and both Caroline and Adrienne are much better. Caroline is due for school next year although Margo still has not passed her test. The previous failers have put her off the whole business though no doubt it will be completed in due course. Dorothy & Donald sent a knife spoon fork set for Susan - it was very good of them to do so.

The manager has just returned from opening our new office in SIBU in Sarawak, we now have 9 throughout Borneo. I believe things are pretty rugged up there. Our main interest I believe is in bauxite and of course, there is pepper. The Ghurkas put on a lively show last night, beating the retreat. We took Caroline along and she enjoyed the desplay very much. I pitied the chaps marching up and down for so long, it was a very sticky evening and I was very wet from sitting still. Of the enclosed photos we have had two enlarged for framing and the one of Adrienne & Susan with Caroline in the background is most successful blown up about 10 times. If you are interested I'll send the negative as I do not think the actual picture would travel very well.

Cheerio for now and love,

Margo, Peter, Caroline, Adrienne and Susan.