Puzzle 11

A Japanese ship was en route in the open sea. The Japanese captain went for a shower removing his diamond ring and Rolex watch on the table. When he returned, his valuables were missing. Captain immediately called five suspected crew members and asked each one where and what he was doing for the last 15 minutes.

The Pilipino cook (in a heavy overcoat) : I was in fridge room getting meat for cooking.

The Indian Engineer (with a torch in hand) I was working on generator engine.

The Sri Lankan seaman: I was on the mast correcting the flag which was upside down by mistake.

The British Radio officer: I was messaging to company that we are reaching next port 72hrs. from now that is Wednesday morning at 1000hrs.

The British navigation officer: I am on night watch, so sleeping in my cabin.

The captain caught the liar. So who is the thief?

Some Financial Terms

When Issued (WI):

It is short for 'When, as and if Issued'.
A conditional transaction for a security which has been authorized for issuance but not issued. So it does not exist before the effective listing date. The trading for When Issued securities is done between the date the security is announced and the date when it is issued.  WI securities and bonds are bought and sold like any other security , the difference being they are settled only after the security is actually issued. The transactions may not be completed if the offerings are cancelled. When Issued markets can give an indication of level of interest potential investors have in the trading of the new issues. Orders When Issued are also called orders 'with ice' or orders 'when distributed'. For eg. government securities like US Treasuries, stock splits, new issues of stocks and bonds.