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Vincent is crying again. I’d chuck him out but he’s got nowhere else to go and I’ve got nothing else to trouble me.

I can’t guarantee the minor details of what follows. I’ve put it together from what he’s told others. Often he’s contradicted himself. Often he’s got the dates wrong. Sometimes he tells me that it was he who suggested Upward Island, sometimes he tells me that the chairman mumbled something about it and no one else heard it.

So what happens here, in this reconstruction, is based on what I know of the terrible Vincent, not what I know of the first board meeting he ever went to, a brand-new director who was, even then, involved with the anti-war movement.

The first boarding meeting Vincent ever went to took place when the Upward Island Republic was still plain Upward Island, a little dot on the map to the north of Australia. I guess Vincent was much the same as he is now, not as pitiful, not as far gone, less of a professional Irishman, but still as burdened with the guilt that he carries around so proudly to this day. It occurs to me that he was, even then, looking for things to be guilty about.

Allow for my cynicism about him. Vincent was never, no matter what I say, a fool. I have heard him spoken of as a first-rate economist. He had worked in senior positions for two banks and as a policy adviser to the Labor Party. In addition, if he’s to be believed, he was a full board member of Farrow (Australasia) at thirty-five. It is difficult to imagine an American company giving a position to someone like Vincent, no matter how clever. But Farrow were English and it is remotely possible that they didn’t know about his association with the anti-war movement, his tendency to drink too much, and his unstable home life.

In those days he had no beard. He wore tailored suits from Eugenio Medecini and ate each day at a special table at the Florentino. He may have seemed a little too smooth, a trifle insincere, but that is probably to underestimate his not inconsiderable talent for charm.

Which brings us back at last to the time of the first board meeting.

Vincent was nervous. He had been flattered and thrilled to be appointed to the board. He was also in the habit of saying that he had compromised his principles by accepting it. In the month that elapsed between his appointment and the first meeting his alternate waves of elation and guilt gave way to more general anxiety.

He was worried, as usual, that he wasn’t good enough, that he would make a fool of himself by saying the wrong thing, that he wouldn’t say anything, that he would be expected to perform little rituals the nature of which he would be unfamiliar with.

The night before he went out on a terrible drunk with his ex-wife and her new lover, during which he became first grandiose and then pathetic. They took him home and put him to bed. The next morning he woke with the painful clarity he experienced in those days from a hangover, a clarity he claimed helped him write better.

He shaved without cutting himself and dressed in the fawn gaberdine suit which he has often described to me in loving detail. I know little about the finer details of the construction of men’s suits, so I can’t replay the suit to you stitch for stitch the way Vincent, slumped on the floor in his stained old yellow T-shirt and filthy jeans, has done for me. I sometimes think that the loss of that suit has been one of the great tragedies of Vincent’s life, greater than the loss of his fictitious manuscripts which he claims he left on a Pioneer bus between Coifs Harbour and Lismore.

But on the day of his first board meeting the suit was still his and he dressed meticulously, tying a big knot in the Pierre Cardin tie that Jenny and Frank had given him to celebrate his appointment. His head was calm and clear and he ignored the Enthal asthma inhaler which lay on his dresser and caught a cab to the office.

Whenever Vincent talks about the meeting his attitude to the events is ambivalent and he alternates between pride and self-hatred as he relates it. He has pride in his mental techniques and hatred for the results of those techniques.

“As a businessman,” he is fond of saying, “I was a poet, but as a poet, I was a fucking whore.” He explains the creative process to me in insulting detail, with the puzzled pride of someone explaining colour to the blind. He is eager that business be seen as a creative act. He quotes Koestler (who I know he has never read) on the creative process and talks about the joining of unlikely parts together to create a previously unknown whole.

There were a number of minor matters on the early part of the agenda, the last of which was a letter from the manager of the works at Upward Island. Upward was a vestige of an earlier empire when the company had been heavily involved in sugar, pearling, and other colonial enterprises. Now it was more an embarrassment than a source of profit and no one knew what to do with it. No one in the company was directly responsible for affairs there which is why such a trivial matter was now being referred to the full board for a decision.

The letter from the manager complained about pilferage from the company stores. He apologized profusely for the trouble he was causing but stressed at the same time the importance of his complaint. The natives had less and less respect for the company and were now stealing not only rum (which was traditional and accepted) but many other things for which they could have no conceivable use. For instance a whole case of 25-amp fuses had disappeared and their absence had put the company Land Rover out of action. The manager was now forced to travel around the island by mule, a sight which caused him much embarrassment and the natives much amusement.

Vincent, cool and professional in his new suit, searched his mind for some dramatically simple answer to this problem, but he came up with nothing. When the chairman asked him his opinion, he felt embarrassed to say that he could think of nothing.

As usual with matters concerning Upward Island, the matter was delegated to the chairman’s secretary, who would, it was expected, send the manager a beautifully typed and completely useless letter.

With the matter of Upward Island thus disposed of, the next item on the agenda was considered. This was a problem which caused the board some serious anxiety and was to do with two million dollars’ worth of Eupholon which was at this moment on the seas and heading for Australia.

You may or may not be aware of the nature of Eupholon. There was some coverage in the international press when the American Food and Drug Administration committee ordered its withdrawal from the U.S. market and most western governments followed suit. During the late sixties Eupholon had been prescribed as a central nervous system stimulant not unrelated to amphetamines. However, prolonged use of the drug produced a number of nasty side effects, the most dramatic of these being a violent blue colour in the extremities of the body. Normally the fingers and hands were first affected, but cases of feet, noses and ears were also mentioned in the reports.

Farrow International was thus left with an inventory of millions of dollars’ worth of Eupholon which it had little hope of selling but which it also refused to destroy. The Birmingham head office lived in the fond hope that the Food and Drug Administration’s earlier decision would be reversed. However, the drug was still legally available in Australia, and the U.K. office, in an attempt to minimize its losses, had planned a big push on the Australian market. The two-million-dollar shipment at present on the water was to be sold in the first six months.

Unfortunately the Australian government had banned the drug soon after the ship entered the Pacific. And now the Australian board was meeting to decide what to do with such a large quantity of such an undesirable drug.

The international directive was to warehouse it and wait. But warehouse space in Melbourne and Sydney was at a premium and the cost of hiring space for what might be an indefinite period gave the board members worried faces and expensive frowns.