DETECTIVES yesterday raided a luxurious flat in Conduit Road and in doing so cracked a gambling syndicate which they had been trying to locate for six months. More than $5,000 in table money was seized. The syndicate has been moving from place to place followed by an exclusive and rich clientele who, it was learned, went to their gambling appointments by car, some of them chauffeur-driven. Twenty-six people, including 16 women, were arrested in yesterday's raid on flat No 28c, Conduit Road, known as ''ivory towers.'' TALKS about buttressing Hongkong's sterling balances in London against future devaluation ended today in broad agreement, informed sources reported. Details of the agreement were not disclosed. Sir David Trench was flying out this afternoon en route to Hongkong to report to the Executive Council. The Governor and the Financial Secretary, Mr John Cowperthwaite, have been discussing arrangements for the colony's GBP380 million deposits here with officials of the treasury. Sir David is flying back to Hongkong via Singapore. THE Hongkong Television Broadcasts Ltd yesterday inaugurated two new translation stations at Castle Peak and on Lamma Island. On hand at the inauguration at the Repulse Bay Hotel was a full range of colour and black-and-white televisions from Philips, giving a visual and sound sample of the results. KAO Yuen, the former leading left-wing actor has joined Shaw Brothers and will start making his first picture for them tomorrow. Co-starring in the film will be the popular Asian film queen Ivy Ling Po. GOVERNMENT has decided to grant to the Chinese YMCA a large piece of Crown land at Wong Yi Chau Tsai in Sai Kung, New Territories, for the establishment of a non-profit making youth camp. 45 years ago HONGKONG swimmers again dominated the aquatic events in the national athletics meet in Shanghai, winning both the men's and girls' championships. Malaya Chinese were second in both divisions, Philippine Chinese were third in the men's section, followed by Indonesian Chinese, Canton, Navy, Taiwan, Shanghai and Tientsin. Siam Chinese won third place in the girls' championship, followed by Canton, Shanghai and Nanking. Hongkong men swimmers scored heavily in the 400 metres free style with Chen heng-nan, Liu Ti-pin and Yu Shih-kuan winning the first, second and fourth places respectively. Philippine Chinese won the third place. THE Provisional Committee of the Hongkong Home-Building and Investment Society of which Mr C.E. Terry is chairman, have now issued a circular to prospective participants informing them that it is now proposed to proceed with the formation of the society. Owing to the difficulty in obtaining easy finance, the scheme had been whittled down and might eventually be far removed from the proposals. 75 years ago DURING the 24 hours ended May 14 there were reported to the Medical Officer of Health two fatal cases of bubonic plague, one fatal case of diphtheria, three cases (two fatal) of enteric fever, and six cases (four fatal) of cerebro/spinal fever. All the foregoing were Chinese. AFTER the secret departure for Hongkong of the Acting Manager of the Canton Branch of the Bank of China and the consequent suspension of its business, the Canton authorities immediately took steps to devise means to resume business in order to maintain the notes in circulation, and three officers were appointed to take charge of the Bank.