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“We’ll do double and treble checks, of course, but on the first count I have two hundred million American dollars in various currencies.”

Wong nodded. “Two more trucks.”

“You’ll have to sign-unless of course you want to check it yourself?”

He held out a form on a clipboard. Wong signed, on behalf of his firm, for the receipt and onward delivery to the bank of two hundred million dollars, broken down into various currencies. In his turn Sowcross gave Wong a receipt. With nothing further to say to each other, they went outside to wait for the next truck. On Queen’s Road Central Wong finally recognized the sound that had been accumulating under the ground all his life. Too low to be detectable by the human ear, it nevertheless worked subliminally, exerting a remorseless power. The thunder of money.

By two forty-five Henderson had finished the last of his Stilton and was sipping his second glass of Dow’s. It was usually over the cigar, Cuthbert remembered, that the fat man’s booming voice turned quiet, discreet and serious. Sure enough, as soon as the waiter had clipped the Romeo y Julieta and lit it, Henderson leaned back slightly, looked around him in an unexpectedly quick movement and said: “So?”

“It’s Xian.”

“It usually is, Milton. Almost for as long as I can remember.”

“This time it may be difficult to contain him. In the past he was merely teasing us with his infantile need to test our patience. Now I really do think he’s angry about something.”

“Something we’ve done?”

“Strangely enough, I don’t think so.”

“You’d better begin at the beginning, Milton. I have the greatest respect for your economy of speech. In any event we have all afternoon.”

The diners at other tables in the Jackson Room had dwindled to a hard core of five or six. With the discretion of Edwardian butlers the Chinese waiters avoided Cuthbert’s table; they would be left alone until six if necessary.

“Very well. I shall go right back to the beginning, if you don’t mind. Point one, Xian and his sixteen cronies run southern China. Two, the major blunder of the Foreign Office when negotiating the return of Hong Kong to China was in failing to include Xian in the discussions. Three, as soon as the Joint Declaration between London and Beijing was made public, Xian threatened to open the borders and allow Hong Kong to be flooded by ten million or more immigrants unless we negotiated some kind of secret protocol with him. I went to you, you went to the foreign secretary, the FS went to the PM and the PM had the most godawful tantrum-”

Henderson nodded, tapped his cigar on the heavy bronze ashtray. “She was about to bring us to a state of war with the PRC. They wheeled me in to speak to her myself. It took me damn near all day, and I had to lunch with her on those deeply pathetic sandwiches they eat at Number Ten these days to prove they are busy, politically correct neurotics just like everyone else. The indigestion, Milton, nearly cost me a full night’s sleep.”

Cuthbert refused to smile. “With your usual consummate skill you eventually persuaded Mrs. Thatcher that China was indeed not comparable to the Falklands, that even if it were possible to win a war against the People’s Liberation Army using superior technology-a premise doubtful in itself-the political implications of mowing down a million or more Chinese soldiers to protect a little piece of rock we should never have stolen in the first place was too daunting for even the prime minister to contemplate. I don’t know quite what she said to you, but I remember vividly how you put it to me.” Henderson raised his eyebrows. “You said that throughout history empires had moved through similar stages. Stage one, pioneers from the fatherland make contact with less developed peoples in far-off lands. Stage two, the pioneers are followed by commercial adventurers eager to make profits. Stage three, the aboriginal peoples lose much of their innocence and start to demand more in return for being exploited. Stage four, the fatherland sends in the army. Stage five, the exotic foreign lands are colonized and administered by second-rate expatriates from the fatherland. Stage six, the military and political will of the fatherland begins to decline-time to get out. Stage seven, the twilight period between the decision to leave and the final exit is marked, in the case of the fatherland, by a schizophrenic need to grovel in private whilst posturing in public.”

“Did I say all that? It must have been after lunch.”

“I took you to mean, Michael, that I was to grovel. And that is what I’ve been doing. Every time that barbarian wants something, which is more or less every week, I-metaphorically speaking-go down on my knees in the name of the queen and lick his arse.”

Henderson coughed on his cigar. “Good Lord.”

“Only yesterday-and this is no more than an example-I had to allow five hundred million dollars to cross the border. Half a billion! Of course the lout’s just provoking us. The only time I refused him outright was when he asked for military assistance to move his morphine from the border to his warehouses in Kowloon.”

“Morphine?”

“It’s in one of my minutes to you-“for your eyes only,” of course. He has a number of factories in Yunnan; he buys the opium from Burma or Thailand or, more and more frequently, grows it himself on his farms. The whole operation is overseen by the People’s Liberation Army using a workforce of slaves. He sells to various Mafia groups throughout the world. It’s his most lucrative operation, but of course not the only money spinner. Arms sales to the Middle East also bring in a fair profit, I daresay.”

Henderson rested his eyes on Cuthbert for a long moment while he pulled on the cigar. “I daresay. In any event, you managed to avoid participating in the heroin trade without precipitating an invasion-congratulations.”

“He said he didn’t need us anyway; he would use the local triads instead. And so he did. We’ve had to watch helplessly while local organized crime, especially the 14K and Sun Yee On triad societies, has been allowed to grow and prosper under the protection of the People’s Liberation Army.”

Cuthbert paused. He had excluded any tone of outrage from his narrative; there was nothing Henderson loathed more in his people than an assumption of high moral ground, a vulgar exercise properly reserved for politicians.

Henderson looked at the cigar that was darkening at the end with delicious tar. He rolled it appreciatively between thumb and forefinger, smiled.

“You know, I don’t think there’s anything in my life that I’ve ever regretted, but what I congratulate myself on most of all is having read history at Oxford. It not only gives one a sense of perspective, it provides, to the connoisseur of human blunders, a fine nose for the basic predilections of place. When I retire, I shall write a short treatise to bear out my theory. It’s not people, Milton, it’s something that comes out of the ground in certain parts of the world that has an effect on the human psyche, causing man to react in exactly the same way generation after generation. South China, it seems, is the corner of the world the gods ordained to be the center for piracy and, most of all, drug running. The Chinese are merely doing to us what we did to them a hundred years ago. And in exactly the same spot, down to the half inch: warehouses in Kowloon. Fascinating.”

“I’ll look forward to reading your treatise. However, you may find that recent events were not adumbrated by anything in history.”

Henderson nodded slowly, like a rocking horse. “Pray continue.”