Sunday, April 3, 2011

13th April 1961

Written on HSBC Beaufort airmail letter

Dear Mum Dad and Alan,

I have not received a letter for some time but expect there is one waiting for me in Jesselton. I return in two days time having completed the job I came for. The opening was an exciting affair. When I first arrived the contractors were still in the building and the first conferences were held in the dirt street. We got in in the evening before the opening and unpacked the desks and stationery to make the place look like a bank. At 9 am we set off the firecracker which made a five minute explosion and covered the road with red paper and the new paint with soot. Twenty minutes later when the smoke had cleared from the interior we were able to reenter the office and phone through that we were operating. The two managers from Jesselton came down in the evening and we had a party for 200 people in the Beaufort Club which was quite successful despite a large proportion of the guests not being in a position to write let alone run a banking account. However, we have progressed steadily since then and although nothing startling has occurred we have opened several accounts of different types and have our first loans & overdrafts approved by Jessleton. I expect to come down periodically to see how things are going. The train journey is hot & tedious and the Rest House very utility. The place has no attraction whatsoever although business wise it should grow and if a few roads are built out to civilisation the place itself may improve. I have not received official confirmation of S/Acct and am unlikely to do so now - however, I am being paid for the job & that is all that matters. I am of course curious to know why they have changed the system but I guess the ways of Head Offices have to remain mysterious. The family are all well & a visiting physiotherapist was pleased with E. progress and had some suggestions to make.

Cheerio for now and all my love, Peter

Friday, April 1, 2011

24th March 61

H.S.B.C
PO Box 76,
Beaufort

Dear Mum, Dad and Alan,

Firstly very many thanks for your parcel - it was really magnificent and the children looked very smart in their shorts. Both Susan and Elisabeth enjoyed their birthdays, although we did not arrange special parties for them. Secondly, your letter about your water-heater beats the experiences we have had with Beaufort. I am not there yet but go on 27th and open on 29th. The contractors have not finished, the safe door handle has broken, some stationery is missing and there hasn't been any time to train the staff. As far as I tell I am the only person worried about it so, as usual, I should not be. Anyway the waiting is almost over and in a week's time I guess we will see the results. I shall come back to Jesselton for Easter then spend 2/3 weeks in B. My appointment is not through yet - but as I am receiving the desk allowance I am not at all concerned. Roans have gone up, presumably on Sir Roy's acceptance of the N. Rod. constitution. My other interests are also graded upwards for the moment but am still doubtful about the rest of the year. I did not obtain 'Tonibell' which went to 80% premium! What an issue that was. Ian Macleod, who was teaching me bridge in Calcutta, is coming here in Nov as Accountant, so with Peter Hammond in Towan, Ken Rice in Sandakan, all to come this year, we shall have 4 people from my time in Calcutta in North Borneo. I cannot remember who Ethel Webb is or was. It is very hot here and difficult to do anything and am soaking wet all day, everyone else is the same and with the usual frustrations all day long, things do not progress as well as they might. A good storm should arrive soon and then we can relax. Hope your heater is in now and all is well. I will not know the house on leave, will I?

Love from us all and Best Wishes,
Peter
The odd writing is due to a bent pen!

8th March 1961

The Hongkong Bank
Jesselton N.B.

Dear Mum, Dad and Alan,

Thank you for your letter. I ought to have written before because so much has happened that I am bound to leave something out. John Lewis arrived a week ago last Friday (25 Feb) and I met him on the ship and his wife and one small baby. Ships are difficult things to meet here and this one stood off all day before finally coming alongside at 5 pm. They were to stay for two days at the Inghams' house before moving in to ours and I finally got them ashore with mountains of luggage. Luckily I had previously arranged a lorry. The next day, Saturday the Manager was due to (a Praying Mantis just landed on my head) sail in a club race and the Accountant had not returned from sick leave so I met the Shanghai manager also on a ship and gave Margo 1/2hr notice for lunch. He was very interesting with storys of present day China & I fitted him up with evening kit for a party he was due to attend that night. The next day two lorrys arrived and we commenced our move to the new house - lock, stock and barrel. We had previously moved two lorry loads including flowers & orchids [Oh! I forgot to mention the four prizes Margo won at the flower show the previous afternoon ($25 in all)] and we were in the house fairly done in by midday. Everyone seems happy including the servants who had to move with us. The children love it and so do we. It is in a grand location and it is palatial - will send photos soon. Mason Nelson, the broker friend of mine arrived from Singapore and we had dinner and as you can imagine talked a great. He though Carreras worth holding for some time to come. Saw Duncan Leach off on the Sunday. All this time have been trying hand over to Lewis (poor chap he has had a rough introduction to books) do my own job and continue to get on with opening Beaufort. Ordering such things as a strong room door, toilet paper and a 25 foot firecracker - besides all the rubber stamps ledgers cheque books etc etc. And writing instructions on how it should run. I shall be glad to get up there so that I only have one thing to think about. Though once I have ordered a Bank Flag and a Clock I think most things will be complete. Have ordered some Tonibell - ice-cream people with an issue on 7th. Won't know how many I will get, but I had heard vague talk about them and one customer made an order. I still think Roan's are a good risk. After all - despite the trouble going on around them all this time they still have not had as much as a strike. There was a local (Singapore) marking for Bangarwan at 1/3d done yesterday. I was interested in BATU TIGA when at 5/9d but did not buy. They are now at 7/9d and Mason Nelson thinks they may go down as he considers some recent take-over bidders will not succeed. He said they are a very good company - good cash reserves and lots of new hight yielding rubber. There is a chance that part of their land will have to be sold for development - airport district but the price should be very worthwhile. I think a buy at 6/6d or less would be good provided one ensured the reason for the drop was not adverse. A share to watch and I can get a report at anytime in the future should you require one.

The children are fit and Elizabeth is moving the right leg a wee bit. The left leg is still not doing anything but time will tell.

All our love and best wishes, Peter.
(I still have not had the confirmation of my new job but expect they are waiting for a Board meeting - as long as they dont forget!)

Saturday, February 26, 2011

15th Feb 1961

Written on HSBC airmail letter from Jesselton.

Dear Mum, Dad & Alan,

Well, Happy Chinese New Year! The servants are off for two days, the crackers are still going - they went on right through the night like an ack-ack barrage. The shops are closed & the Chinese clubs are full of licensed gamblers clutching bundles of notes. The children received "Ang Pows" this year from the servants. Money wrapped in red packets & small toys. They were very pleased, as I think they though Christmas had started all over agin. This afternoon I found a "Dragon Dance" for them at a nearby village with more crackers flying through the air. A. was scared and stayed in the car, but C & S did not mind and we did not go too near as I am not all that keen on explosives and these things have quite a loud and repeatative bang!

The office has become more organised - I am no longer acting accountant (I was acting manager for two hours at one stage) but am now back to the job that I am not supposed to be starting until 26th Feb. However, while all this had been happening we have been planning opening a new office at BEAUFORT and I am to open it and run it for 3/4 weeks in April, until the Chinese Agent is happy about doing it himself. I will involve periodic visits after I return to Jesselton and it will all prove most interesting provided that I can find the time to plan the innumerable details which should be concluded here before the great day. Beaufort is 50 miles by rail from here and takes 3 to 4 hours of slow motor to get to. I do not expect conditions there to be much better than primitive and three weeks will be enough. The new manager visited it on tour and said one day was enough for him! However, there is business there and no other bank so it may prove to be worthwhile.

Carreras did not improve after that last announcement, Roans have disappointed after that move over 6/-. I wish I had some bank shares - they look as if they will go to £100. I sold one at £60 last year.

Love from us all - we are all fit and well though busy Peter.

2nd February 1961

Written on HSBC airmail letter from Jesselton.

Dear Mum Dad and Alan,

Many thanks for your letter. Our new Borneo Manager has arrived and left. He is to visit all the offices of the territories before finally taking over here. I met him originally in Singapore on my first tour and he is a sound chappy. I don't blame you for not understanding my work! I don't! However, Odling arrives tomorrow for 3 weeks and will do my old & new job whilst I do the Accountant's job. The nearest equivalent to Accountant is Chief Clerk in Barclays but I will not get such an appointment in fact, for at least five years, especially as it is a higher paid number compared with other officers. The present holder has double my seniority. However, it is quite good fun although I look forward tot he time when I do the new job of Sub Acct which is known generally thoughout the bank as "i/c Drains" (Because property and thus drainage, is something I receive the complaints on.) This might happen in March/April although I hope to commence to receive payment for it in March. This is something like being a Lance Corporal in the army and is not a permanent appointment. Thank you for Reg's address - it is the first time you have given it though you had mentioned he had moved. Pity we did not buy Bank shares! I think Acorn is right about 1961 particularly after reading Kennedy's address and any doubtful shares should be sold if they show a fair price during the spring. How are Bangowan doing as I have not see any prices lately. Rubber is well down but could react sharply on renewed Russian/Chinese buying & I expect a recovery in latter part 1961/62. On shares, last week I just managed to stop a customer buying less shares at what he though were marked 17/-but in fact were £17! Happy days. It gives some insight into the difficulties of being a stock-broker. The commonest affair is when a customer thinks he can obtain "buying" prices when a seller, and lots of disappointment results. Once again I am in a rush but when this hectic period is over I expect to enter on to a new one of different nature again so will not be bored for some considerable time. Please do not mention my activities to anyone else as they are liable to be misunderstood - better to wait until it is all over and my name has appeared in the Staff list.

Love Peter

Friday, January 28, 2011

Jan 61

The Hongkong Bank, Jesselton

Dear Mum Dad and Alan,

Many things for your letter, I am pleased you liked the photos. The group was a lucky shot - there are so many faces to get pointing the right way. E does like the sea now and does not mind the odd splash. She is an effort to hold though as she wriggles her trunk with great energy. The new TV set sound grand. There are so many on the market it must be difficult to choose. We intend getting one on the next leave, particularly if it is in winter. We were over our parties until this weekend when the new Chief Manager and Staff Inspector "to be", arrived. They were both in good form and very relaxed. On Saturday, we saw them at lunch at Accts' house. I played 18 holes of golf with them immediately afterwards, then a rush change and a cocktail party at Manager's house, then we went straight on (at 8.30pm) to dinner with friends - it was a farewell to people we know and bed at 1.30 am. Up with the children & to the beach where the Police Band played then a Curry lunch then golf. It was early to bed last night and I slept very soundly. They left this morning and we have resumed our normal existence.

The Acct had a burst appendix last week and is making a good recovery. But we will not see him in the office until the end of Feb. Duncan Leach is off on 3 weeks relief to Sibu tomorrow, so the net result is that I have my new job, my old job plus the outer office to see to. It will be a busy time but not as bad as it sounds as the manager will assist to a large extent. My relief may arrive a little earlier than originally planned. It depends on H.O.reply to our request for help. Susan is carrying on delightful conversations. We now understand a lot of what she says though I am unable to reproduce the sounds she uses. She is the one to be in all sorts of trouble now and Adrienne is greatly improved. Any liquid in a bottle is likely to end up all over the place including ink. Acorn continues to say 1961 is going to show a drop in the market and I have sold Standard at 10/- and Court here at nearly 12/-. Shall continue to hold Carreras, Roan and Bradford Dyers as they have yet to show their true form. I was impressed with the Carreras report. They have yet to show a Year's full results on the new factory and end 1961 should be interesting. They seem firm at 4/5 middle. A stock broker friend of the manager was here last week and he recommended picking up any Blue Chip rights' issues that owners, who could not obtain overdrafts because of the credit squeeze, would be relinquishing and depressed prices. However, if the whole market is to go down there should be a lot of cheap buys in first class stock.

This is all for now as I have other letters to write. Ian & Emma - Dorothy & Donald all seem in good form.

Cheerio & love from us all

Peter.

January 6th 1961

Written on HSBC Jesselton air mail letter.

My dear Mum & Dad,

I have been meaning to write to you ever since I returned here but what with one thing & another I just couldn't settle down to it. You will have received the photos by now so you will see how Elisabeth has grown. She really is quite a weight. When I was at the Clinic a month ago she weighted 22 lbs 9 ozs & we are due to go agin on Tuesday so I shall see if she has gained . I've no doubt she will have as E eats very well & has passed the strained food stage even tho' she hasn't any teeth! Now I give her a biscuit or rusk & she can hold it herself - & demolishes it in no time.

Thank you so much indeed for the lipstick. Which is a lovely shade - & what a nice idea the case is - especially for me as I never seem to have a mirror with me. The girls were thrilled with their presents - we thought the saucepans lovely. Dorothy & Donald sent Adrienne a toy shop so she was able to add the contents of her shopping bag to the store & now she solemnly weights packets on the scales & sells them to C & S.

Caroline & Adrienne start kindergarten on Tuesday & I shall be quite pleased to have the house quiet for a while in the mornings. We usually have another child here for the day (either C or A's friend) so there is always someone shouting or crying! Susan still sleeps in the morning & E has a short nap. I find that she doesn't sleep much during the day but I can't complain as she goes to bed at 6 pm & we seldom get a sound out of her before 7 am. Now that E sits in the chair (the car seat which you bought) she is very happy as she can look around & chatters away to herself & can say 'Dad - dad'. I am trying to sort things out to pack for our move to the beach. We are all looking forward to the change.

Love from us all Margo.