There has been an outbreak of petty thievery at that august institution, the Hong Kong Aviation Club, in recent weeks. First, the centrepiece of the club's Kai Tak premises, a big World War II propeller that has been displayed on the main wall of the club's bar for many years, mysteriously disappeared. Apparently, a club staff member was tricked into preparing some food, while the phantom propeller bandit ran off with the item. A few days later, a pair of valuable bells also flew off into the night. The club's management puts it down to the rather clouded future for the august body, as members look for souvenirs before its possible closure. The body has been told to vacate its premises at Kai Tak airport by July 6, although it is in the process of applying for an extension. There is a happy ending to this story. The propeller was returned by the culprit, who has now also agreed to pay $5,000 damage caused when he dropped the merchandise after he made off with it. The bells were also returned, anonymously, through the post. High security has never been really necessary among the Aviation Club's fly-boys. Here's hoping that doesn't change in what could be its last weeks. If the Government is still serious about stopping property speculators, it should send someone to the Convention Centre's Elenex 98 show that opened yesterday. One of the stalls has a device known as an Air Taser, which fires two electrodes up to 15 feet at an attacker then fires powerful electronic pulses known as T-waves that scramble the brain for up to 15 minutes. 'This technology, invented by the chief scientist of the Apollo Moon Landing Programme, is so powerful it was available only to police for over 20 years,' a breathless brochure put out by Air Taser Inc said. To prove the point, there was a video of large hulks being reduced to jelly by the device. After being fired the Taser can be used as a close-range stun gun on anyone else who may not have been deterred by watching their colleague have a blackout and a seizure. Sadly, the devices are not yet for sale in Hong Kong - and Air Taser representatives could not be induced to donate one to Lai See for practice at the next speculator-ridden flats sale. Remember the James Bond movie, Tomorrow Never Dies, in which Pierce Brosnan and Michelle Yeoh battle an evil media mogul, with the very well-publicised help of a souped-up BMW? No doubt inspired by this example, Ford has been trying to pioneer the art of flashy sponsorship in the traditionally 'no frills' world of mainland movies. Watch out for the racy sight of a Ford Transit fan bumping around the plains of northern China in mainland director Zhang Yimou's latest offering Yi ge dou bu neng shao or, roughly, Not One Less. A key scene in the movie has the hero returning to his village in a mainland-made Ford Transit, donated by the US car giant. Ford China's public relations people have been coy about their steps into mainland film sponsorship. They have refused to reveal whether or not the van is bullet-proof, carries a built-in rocket launcher or needs a scientist to explain its intricacies. The Price Waterhouse team in charge of the liquidation of Peregrine Investments is on the move, after five months at the one-time investment bank's New World Tower head office in Central. Partners involved in the Peregrine liquidation have informed us the team is signing up for a more cost-effective location. We hear this is likely to be in the Taikoo Place development at Quarry Bay. The liquidators have certainly had a turbulent time of it in New World Tower since they started working out of the Peregrine boardroom. Since the Price Waterhouse appointment, Mr Justice Anthony Rogers has questioned whether the firm had acted in the best interests of creditors in the course of the liquidation. Perhaps their move to lower-cost premises might get the judicial thumbs-up. Anyone in New York who did not happen to be aware of Asia's economic woes would surely have had the gap in their knowledge filled by The New York Times magazine on Sunday. The cover headline, referring to Asian business, stated: 'Going out of business sale!' It continued: 'Asian industries humbled! Looking for US investors! Will acquiesce to American-style capitalism.' In case readers were in any doubt about the general thrust of the story, the next headline on the story read: 'Asian values was always a myth'. Right, guys: we think we get the point.