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Bartlett was hefting two in each hand, fascinated by them. "How many make up eighty pounds?"

"About two hundred, give or take a little."

Casey looked at him, her hazel eyes bigger than usual. "Are these yours, tai-pan?"

"Good God, no! They belong to a Macao company. They're shifting it from here to the Victoria Bank. Americans or English aren't allowed by law to own even one of these. But I thought you might be interested because it's not often you see fifty tons all in one place."

"I never realised what real money was like before," Casey said. "Now I can understand why my dad's and uncle's eyes used to light up when they talked about gold."

Dunross was watching her. He could see no greed in her. Just wonder. "Do banks make many shipments like this?" Bartlett asked, his voice throaty.

"Yes, all the time," Dunross said and he wondered if Bartlett had taken the bait and was considering a Mafioso-style hijack with his friend Banastasio. "We've a very large shipment coming in in about three weeks," he said, increasing the lure.

"What's fifty tons worth?" Bartlett asked.

Dunross smiled to himself remembering Zeppelin Tung with his exactitude of figures. As if it mattered! "63 million dollars legally, give or take a few thousand."

"And you're moving it just with a bunch of old men, two trucks that're not even armoured and no guards?"

"Of course. That's no problem in Hong Kong, which's one of the reasons our police are so sensitive about guns here. If they've the only guns in the Colony, well, what can the crooks and nasties do except curse?"

"But where're the police? I didn't see but one and he wasn't armed."

"Oh, they're around, I suppose," Dunross said, deliberately underplaying it.

Casey peered at the gold bar, enjoying the touch of the metal. "It feels so cool and so permanent. Tai-pan, if it's 63 million legal, what's it worth on the black market?"

Dunross noticed tiny beads of perspiration now on her upper lip. "However much someone's prepared to pay. At the moment, I hear the best market's India. They'd pay about $80 to $90 an ounce, U.S., delivered into India."

Bartlett smiled crookedly and reluctantly put his four bars back onto their pile. "That's a lot of profit."

They watched in silence as another canvas bag was sealed, the bars checked and rechecked by both clerks. Again the two loaders lifted the sack onto a bent back and the man plodded out.

"What're those?" Casey asked, pointing to some much bigger bars that were in another part of the vault.

"They're the regulation four-hundred-ounce bars," Dunross said. "They weigh around twenty-five pounds apiece." The bar was stamped with a hammer and sickle and 99,999. "This's Russian. It's 99.99 percent pure. South African gold is usually 99.98 percent pure so the Russian's sought after. Of course both're easy to buy in the London gold market." He let them look awhile longer, then said, "Shall we go now?"

On the street there was still only one policeman and the sloppy, unarmed bank guards, the two truck drivers smoking in their cabins. Traffic eased past from time to time. A few pedestrians.

Dunross was glad to get out of the close confinement of the vault. He had hated cellars and dungeons ever since his father had locked him in a cupboard when he was very small, for a crime he could not now remember. But he remembered old Ah Tat, his amah, rescuing him and standing up for him—him staring up at his father, trying to hold back the terror tears that would not be held back.

"It's good to be out in the air again," Casey said. She used a tissue. Inexorably her eyes were dragged to the sacks in the nearly full truck. "That's real money," she muttered, almost to herself. A small shudder wracked her and Dunross knew at once that he had found her jugular.

"I could use a bottle of beer," Bartlett said. "So much money makes me thirsty."

"I could use a Scotch and soda!" she said, and the spell was broken.

"We'll stroll over to the Victoria and see the delivery begin, then we'll eat—" Dunross stopped. He saw the two men chatting near the trucks, partially in shadow. He stiffened slightly.

The two men saw him. Martin Haply of the China Guardian and Peter Marlowe.

"Oh, hello, tai-pan," young Martin Haply said, coming up to him with his confident grin. "I didn't expect to see you here. Evening, Miss Casey, Mr. Bartlett. Tai-pan, would you care to comment on the Ho-Pak matter?"

"What Ho-Pak matter?"

"The run on the bank, sir."

"I didn't know there was one."

"Did you happen to read my column about the various branches and the rumo—"

"My dear Haply," Dunross said with his easy charm, "you know I don't seek interviews or give them lightly... and never on street corners."

"Yes sir." Haply nodded at the sacks. "Transferring all this gold out's kinda rough for the Ho-Pak, isn't it? That'll put the kiss of death on the bank when all this leaks."

Dunross sighed. "Forget the Ho-Pak, Mr. Haply. Can I have a word in private?" He took the young man's elbow and guided him away with velvet firmness. When they were alone, half covered by one of the trucks, he let go of the arm. His voice dropped. Involuntarily, Haply flinched and moved back half a pace. "Since you are going out with my daughter, I just want you to know that I'm very fond of her and among gentlemen there are certain rules. I'm presuming you're a gentleman. If you're not, God help you. You'll answer to me personally, immediately and without mercy." Dunross turned and went back to the others, full of sudden bonhomie. "Evening, Marlowe, how're things?"

"Fine, thank you, tai-pan." The tall man nodded at the trucks. "Astonishing, all this wealth!"

"Where did you hear about the transfer?"

"A journalist friend mentioned it about an hour ago. He said that some fifty tons of gold were being moved from here to the Victoria. I thought it'd be interesting to see how it was done. Hope it's not... hope I'm not treading on any corns."

"Not at all." Dunross turned to Casey and Bartlett. "There, you see, I told you Hong Kong was just like a village—you can never keep any secrets here for long. But all this"—he waved at the sacks—"this is all lead—fool's gold. The real shipment was completed an hour ago. It wasn't fifty tons, only a few thousand ounces. The majority of the Ho-Pak's bullion's still intact." He smiled at Haply who was not smiling but listening, his face set.

"This's all fake after all?" Casey gasped.

Peter Marlowe laughed. "I must confess I did think this whole operation was a bit haphazard!"

"Well, good night you two," Dunross said breezily to Marlowe and Martin Haply. He took Casey's arm momentarily. "Come on, it's time for dinner." They started down the street, Bartlett beside them.

"But tai-pan, the ones we saw," Casey said, "the one I picked up, that was fake? I'd've bet my life, wouldn't you have, Linc?"

"Yes," Bartlett agreed. "But the diversion was wise. That's what I'd've done."

They turned the comer, heading along toward the huge Victoria Bank building, the air warm and sticky.

Casey laughed nervously. "That golden metal was getting to me—and it was fake all the time!"

"Actually it was all real," Dunross said quietly and she stopped.

"Sorry to confuse you, Casey. I only said that for Haply and Marlowe's benefit, to pour suspicion on their source. They could hardly prove it one way or another. I was asked to make the arrangements for the transfer little more than an hour ago—which I did, obviously, with great caution." His heart quickened. He wondered how many other people knew about the AMG papers and the vault and the box number in the vault.

Bartlett watched him. "I bought what you said, so I guess they did," he said, but he was thinking, Why did you bring us to see the gold? That's what I'd like to know.

"It's curious, tai-pan," Casey said with a little nervous laugh. "I knew, I just knew the gold was real to begin with. Then I believed you when you said it was fake, and now I believe you back again. Is it that easy to fake?"

"Yes and no. You only know for certain if you put acid on it—you've got to put it to the acid test. That's the only real test for gold. Isn't it?" he added to Bartlett and saw the half-smile and he wondered if the American understood.

"Guess that's right, Ian. For gold—or for people."

Dunross smiled back. Good, he thought grimly, we understand each other perfectly.

It was quite late now. Golden Ferries had stopped running and Casey and Linc Bartlett were in a small private hire-launch chugging across the harbour, the night grand, a good sea smell on the wind, the sea calm. They were sitting on one of the thwarts facing Hong Kong, arm in arm. Dinner had been the best they had ever eaten, the conversation filled with lots of laughter, Dunross charming. They'd ended with cognac atop the Hilton. Both were feeling marvellously at peace with the world and with themselves.

Casey felt the light pressure of his arm and she leaned against him slightly. "It's romantic, isn't it, Linc? Look at the Peak, and all the lights. Unbelievable. It's the most beautiful and exciting place I've ever been."

"Better than the south of France?"

"That was_ so different." They had had a holiday on the Cote d'Azur two "years ago. It was the first time they had holidayed together. And the last. It had been too much of a strain on both of them to stay apart. "lan's fantastic, isn't he?"

"Yes. And so are you."

"Thank you, kind sir, and so are you." They laughed, happy together.

At the wharf, Kowloon side, Linc paid the boat off and they strolled to the hotel, arm in arm. A few waiters were still on duty in the lobby.

"Evening, sir, evening, missee," the old elevator man said sibilantly, and, on their floor, Nighttime Chang scurried ahead of them to open the door of the suite. Automatically Linc gave him a dollar and they were bowed in. Nighttime Chang closed the door.

She bolted it.

"Drink?" he asked.

"No thanks. It'd spoil that brandy."

She saw him looking at her. They were standing in the centre of the living room, the huge picture window displaying all of Hong Kong behind him, his bedroom to the right, hers to the left. She could feel the vein in her neck pulsing, her loins seemed liquid and he looked so handsome to her.

"Well, it's... thanks for a lovely evening, Linc. I'll... I'll see you tomorrow," she said. But she did not move.

"It's three months to your birthday, Casey."

"Thirteen weeks and six days."

"Why don't we finesse them and get married now. Tomorrow?"

"You've... you've been so wonderful to me, Linc, so good to be patient and put up with my... my craziness." She smiled at him. It was a tentative smile. "It's not long now. Let's do it as we agreed. Please?"

He stood there and watched her, wanting her. Then he said, "Sure." At his door he stopped. "Casey, you're right about this place. It is romantic and exciting. It's got to me too. Maybe, maybe you'd better get another room."

His door closed.

That night she cried herself to sleep.

WEDNESDAY


27
5:45 AM


The two racehorses came out of the turn into the final stretch going very fast. It was false dawn, the sky still dark to the west, and the Happy Valley Racecourse was spotted with people at the morning workout.

Dunross was up on Buccaneer, the big bay gelding, and he was neck and neck with Noble Star, ridden by his chief jockey, Tom Leung. Noble Star was on the rails and both horses were going well with plenty in reserve. Then Dunross saw the winning post ahead and he had that sudden urge to jam in his heels and best the other horse. The other jockey sensed the challenge and looked across at him. But both riders knew they were there just to exercise and not to race, there to confuse the opposition, so Dunross bottled his almost blinding desire.

Both horses had their ears down now. Their flanks were wet with sweat. Both felt the bit in between their teeth. And now, well into the stretch, they pounded toward the winning post excitedly, the inner training sand track not as fast as the encircling grass, making them work harder. Both riders stood high in the stirrups, leaning forward, reins tight.

Noble Star was carrying less weight. She began to pull away. Dunross automatically used his heels and cursed Buccaneer. The pace quickened. The gap began to close. His exhilaration soared. This gallop was barely half a lap so he thought he would be safe. No opposing trainer could get an accurate timing on them so he kicked harder and the race was on. Both horses knew. Their strides lengthened. Noble Star had her nose ahead and then, feeling Buccaneer coming up fast, she took the bit, laid to and charged forward on her own account and drew away and beat Dunross by half a length.

Now the riders slackened speed and, standing easily, continued around the lovely course—a patch of green surrounded by massed buildings and tiers of high rises that dotted the mountainsides. When Dunross had cantered up the final stretch again, he broke off the exercising, reined in beside where the winner's circle would normally be and dismounted. He slapped the filly affectionately on the neck, threw the reins to a stable hand. The man swung into the saddle and continued her exercise.

Dunross eased his shoulders, his heart beating nicely, the taste of blood in his mouth. He felt very good, his stretched muscles aching pleasantly. He had ridden all of his life. Horse racing was still officially all amateur in Hong Kong. When he was young he had raced two seasons and he would have continued, but he had been warned off the course by his father, then tai-pan and chief steward, and again by Alastair Struan when he took over both jobs, and ordered to quit racing on pain of instant dismissal. So he had stopped racing though he continued to exercise the Struan stable at his whim. And he raced in the dawn when the mood was on him. It was the getting up when most of the world slept, to gallop in half light—the exercise and excitement, the speed, and the danger that cleared his head.

Dunross spat the sweet sick taste of not winning out of his mouth. That's better, he thought. I could have taken Noble Star today, but I'd've done it in the turn, not in the stretch.

Other horses were exercising on the sand track, more joining the circuit or leaving it. Knots of owners and trainers and jockeys were conferring, ma-foos—stable hands—walking horses in their blankets. He saw Butterscotch Lass, Richard Kwang's great mare, canter past, a white star on her forehead, neat fetlocks, her jockey riding her tightly, looking very good. Over on the far side Pilot Fish, Gornt's prize stallion, broke into a controlled gallop, chasing another of the Struan string, Impatience, a new, young, untried filly, recently acquired in the first balloting of this season. Dunross watched her critically and thought she lacked stamina. Give her a season or two and then we'll see, he thought. Then Pilot Fish ripped past her and she skittered in momentary fright, then charged in pursuit until her jockey pulled her in, teaching her to gallop at his whim and not at hers.

"So, tai-pan!" his trainer said. He was a leather-faced, iron-hard Russian emigre in his late sixties with greying hair and this was his third season with Struan's. "So, Alexi?"

"So the devil got into you and you gave him your heel and did you see Noble Star surge ahead?"

"She's a trier. Noble Star's a trier, everyone knows that," Dunross replied calmly.

"Yes, but I'd've preferred only you and I to be reminded of it today and not"—the small man jerked a calloused thumb at the onlookers and grinned—"... and not every viblyadok in Asia."

Dunross grinned back. "You notice too much."

"I'm paid to notice too much."

Alexi Travkin could outride, outdrink, outwork and outstay a man half his age. He was a loner among the other trainers. Over the years he had told various stories about his past—like most of those who had been caught in the great turmoils of Russia and her revolutions, China and her revolutions, and now drifted the byways of Asia seeking a peace they could never find.

Alexi Ivanovitch Travkin had come out of Russia to Harbin in Manchuria in 1919, then worked his way south to the International Settlement of Shanghai. There he began to ride winners. Because he was very good and knew more about horses than most men know about themselves, he soon became a trainer. When the exodus happened again in '49 he fled south, this time to Hong Kong where he stayed a few years then drifted south again to Australia and the circuits there. But Asia beckoned him so he returned. Dunross was trainerless at that time and offered him the stable of the Noble House.

"I'll take it, tai-pan," he had said at once.

"We haven't discussed money," Dunross had said.

"You're a gentleman, so am I. You'll pay me the best for face—and because I'm the best."

"Are you?"

"Why else do you offer me the post? You don't like to lose either."

Last season had been good for both of them. The first not so good. Both knew this coming season would be the real test.

Noble Star was walking past, settling down nicely.

"What about Saturday?" Dunross asked.

"She'll be trying."

"And Butterscotch Lass?"

"She'll be trying. So will Pilot Fish. So will all the others—in all eight races. This's a very special meeting. We'll have to watch our entries very carefully."

Dunross nodded. He caught sight of Gornt talking with Sir Dunstan Barre by the winner's circle. "I'll be very peed off if I lose to Pilot Fish."

Alexi laughed. Then added wryly, "In that case perhaps you'd better ride Noble Star yourself, tai-pan. Then you can shove Pilot Fish into the rails in the turn if he looks like a threat, or put the whip across his jockey's eyes. Eh?" The old man looked up at him. "Isn't that what you'd've done with Noble Star today if it'd been a race?"

Dunross smiled back. "As it wasn't a race you'll never know—will you?"

A ma-foo came up and saluted Travkin, handing him a note. "Message, sir. Mr. Choi'd like you to look at Chardistan's bindings when you've a moment."

"I'll be there shortly. Tell him to put extra bran in Buccaneer's feed today and tomorrow." Travkin glanced back at Dunross, who was watching Noble Star closely. He frowned. "You're not considering riding Saturday?"

"Not at the moment."

"I wouldn't advise it."

Dunross laughed. "I know. See you tomorrow, Alexi. Tomorrow I'll work Impatience." He clapped him in friendly style and left.

Alexi Travkin stared after him; his eyes strayed to the horses that were in his charge, and their opposition that he could see. He knew this Saturday would be vicious and that Noble Star would have to be guarded. He smiled to himself, pleased to be in a game where the stakes were very high.

He opened the note that was in his hand. It was short and in Russian: "Greetings from Kurgan, Highness. I have news of Nestorova..." Alexi gasped. The colour drained from his face. By the blood of Christ, he wanted to shout. No one in Asia knows my home was in Kurgan, in the flatlands on the banks of the River Tobol, nor that my father was Prince of Kurgan and Tobol, nor that my darling Nestorova, my child-wife of a thousand lifetimes ago, swallowed up in the revolution while I was with my regiment ... I swear to God I've never mentioned her name to anyone, not even to myself....

In shock he reread the note. Is this more of their devilment, the Soviets—the enemy of all the Russians? Or is it a friend? Oh Christ Jesus let it be a friend.

After "Nestorova" the note had ended, "Please meet me at the Green Dragon Restaurant, in the alley just off 189 Nathan Road, the back room at three this afternoon." There was no signature.

Across the paddock, near the winning post, Richard Kwang was walking toward his trainer when he saw his sixth cousin, Smiler Ching, chairman of the huge Ching Prosperity Bank, in the stands, his binoculars trained on Pilot Fish.

"Hello, Sixth Cousin," he said affably in Cantonese, "have you eaten rice today?"

The sly old man was instantly on guard. "You won't get any money out of me," he said coarsely, his lips sliding back from protruding teeth that gave him a perpetual smiling grimace.

"Why not?" Richard Kwang said equally rudely. "I've got 17 fornicating millions on loan to you an—"

"Yes but that's on ninety-day call and well invested. We've always paid the 40 percent interest," the old man snarled.

"You miserable old dog bone, I helped you when you needed money! Now it's time to repay!"

"Repay what? What?" Smiler Ching spat. "I've repaid you a fortune over the years. I've taken the risks and you've reaped the profit. This whole disaster couldn't happen at a worse time! I've every copper cash out—every one! I'm not like some bankers. My money's always put to good use."

The good use was narcotics, so legend went. Of course Richard Kwang had never asked, and no one knew for certain, but everyone believed that Smiler Ching's bank was secretly one of the main clearinghouses for the trade, the vast majority of which emanated from Bangkok. "Listen, Cousin, think of the family," Richard Kwang began. "It's only a temporary problem. The fornicating foreign devils are attacking us. When that happens civilised people have to stick together!"

"I agree. But you're the cause of the run on the Ho-Pak. You are. It's on you—not on my bank. You've offended the fornicators somehow! They're after you—don't you read the papers? Yes, and you've got all your cash out on some very bad deals so I hear. You, Cousin, you've put your own head into the cangue. Get money out of that evil son of a Malayan whore half-caste partner of yours. He's got billions—or out of Tightfist...." The old man suddenly cackled. "I'll give you 10 for every 1 that old fornicator loans you!"

"If I go down the toilet the Ching Prosperity Bank won't be far behind."

"Don't threaten me!" the old man said angrily. His lips had a flick of saliva permanently in the corners and then they worked over his teeth once and fell apart again in his grimace. "If you go down it won't be my fault—why wish your rotten joss on family? I've done nothing to hurt you—why try and pass your bad joss on to me? If today... ayeeyah, if today your bad joss spills over and those dog bone depositors start a run on me I won't last the day!"

Richard Kwang momentarily felt better that the Ching empire was equally threatened. Good, very good. I could use all his business—particularly the Bangkok connection. Then he saw the big clock over the totalizator and groaned. It was just past six now and at ten, banks would open and the stock market would open and though arrangements had been made with Blacs, the Victoria and the Bombay and Eastern Bank of Kowloon to pledge securities that should cover everything and to spare, he was still nervous. And enraged. He had had to make some very tough deals that he had no wish to honour. "Come on, Cousin, just 50 million for ten days—I'll extend the 17 million for two years and add another 20 in thirty days."

"50 million for three days at 10 percent interest a day, your present loan to be collateral and I'll also take deed to your property in Central as further collateral!"

"Go fornicate in your mother's ear! That property's worth four times that."

Smiler Ching shrugged and turned his binoculars back on Pilot Fish. "Is the big black going to beat Butterscotch Lass too?"

Richard Kwang looked at Gornt's horse sourly. "Not unless my weevil-mouthed trainer and jockey join together to pull her or dope her!"

"Filthy thieves! You can't trust one of them! My horse's never come in the money once. Never. Not even third. Disgusting!"



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