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Thomas proceeds to tell the story of a discussion which took place between senior members of the bank over lunch in the City one Friday afternoon: a lunch to which Mark had been invited. The conversation had turned to the recent resignation of one of the partners over the role taken by the bank in the Kuwait crisis. Thomas feels called upon to explain the details of this crisis to Mildred, assuming that, as a woman, she won’t know anything about it. He therefore tells her how Kuwait was declared an independent Sheikdom in June, and how, only one week later, Brigadier-General Kassem had announced his intention of absorbing it into his own country, claiming that according to historical precedent it had always been an ‘integral part of Iraq’. He reminds her that Kuwait had appealed to the British government for military support, which had been promised by both the Foreign Secretary, Lord Home, and the Lord Privy Seal, Edward Heath; and that, since the first week of July, more than six thousand British troops had been moved to Kuwait from Kenya, Aden, Cyprus, the United Kingdom and Germany, establishing a sixty-mile defence line only five miles from the border in readiness for an Iraqi attack.

‘The thing is,’ says Thomas, ‘that this junior partner fellow, Pemberton-Oakes, couldn’t stomach the fact that we were still lending enormous sums of money to the Iraqis to help them keep their army going. He said that they were the enemy, and we were more or less at war with them, so we shouldn’t be giving them any help at all. He said it was Kuwait we should be dealing with as a matter of principle — I think that was the word he used — even though their borrowing requirements were pretty negligible and the bank wouldn’t get much out of it in the long run. Well, there we all were, with people chipping in on both sides, putting the alternative points of view, when somebody had the bright idea of asking young Mark what he thought.’

‘And what did he think?’ asks Mildred, with a resigned note to her voice.

Thomas chuckles. ‘He said it was perfectly obvious, as far as he could see. He said we should be lending money to both sides, of course, and if war broke out we should lend them even more, so they could be kept at it for as long as possible, using up more and more equipment and losing more and more men and getting more and more heavily in our debt. You should have seen their faces! Well, it was probably what they’d all been thinking, you see, but he was the only one who had the nerve to come right out with it.’ He turns to Mark, whose face has remained, throughout this conversation, a perfect blank. ‘You’ll go a long way in the banking business, Mark, old boy. A long way.’

Mark smiles. ‘Oh, I don’t think banking is for me, to be honest. I intend to be more in the thick of things. But thanks for giving me the opportunity, all the same. I certainly learned a thing or two.’

He turns and crosses the room, conscious that his mother’s eyes have never left him.

Mortimer now approaches Dorothy Winshaw, the stolid, ruddy-faced daughter of Lawrence and Beatrice, who is standing alone in a corner of the room, her lips set in their usual petulant, ferocious pout.

‘Well, well,’ says Mortimer, straining to inject a note of cheerfulness into his voice. ‘And how’s my favourite niece?’ (Dorothy is, by the way, his only niece, so his use of this epithet is a touch disingenuous.) ‘Not long now before the happy event. A bit of excitement in the air, I dare say?’

‘I suppose so,’ says Dorothy, sounding anything but excited. Mortimer’s reference is to the fact that she will shortly, at the age of twenty-five, be married off to George Brunwin, one of the county’s most successful and well-liked farmers.

‘Oh, come on,’ says Mortimer. ‘Surely you must be feeling a little … well …’

‘I feel exactly what you would expect in any woman,’ Dorothy cuts in, ‘who knows that she is about to marry one of the biggest fools in the world.’

Mortimer looks around to see whether her fiancé, who has also been invited to the party, might have heard this remark. Dorothy doesn’t seem to care.

‘What on earth can you mean?’

‘I mean that if he doesn’t grow up, soon, and join the rest of us in the twentieth century, he and I aren’t going to have a penny between us in five years’ time.’

‘But Brunwin’s is one of the best-run farms for miles around. That’s common knowledge.’

Dorothy snorts. ‘Just because he went to agricultural college twenty years ago, that doesn’t mean that George has a clue what’s going on in the modern world. He doesn’t even know what a conversion rate is, for God’s sake.’

‘A conversion rate?’

‘The ratio,’ Dorothy explains patiently, as if to a dim-witted farmhand, ‘of how much food you put in to an animal, compared to what you get out of it in the end, by way of meat. Really, all you have to do is read a few issues of Farming Express, and it all becomes perfectly clear. You’ve heard of Henry Saglio, I suppose?’

‘Politician, isn’t he?’

‘Henry Saglio is an American chicken farmer who’s been promising great things for the British housewife. He’s managed to breed a new strain of broiler which grows to three and a half pounds in nine weeks, with a feed conversion rate of 2.3. He uses the most up-to-date and intensive methods.’ Dorothy is growing animated; more animated than Mortimer has ever seen her in his life. Her eyes are aglow. ‘And here’s George, the bloody simpleton, still letting his chickens scratch around in the open air as if they were household pets. Not to mention his veal calves, which are allowed to sleep on straw and get more exercise than his blasted dogs do, probably. And he wonders why he doesn’t get good white meat out of them!’

‘Well, I don’t know …’ says Mortimer. ‘Perhaps he has other things to think about. Other priorities.’

‘Other priorities?’

‘You know, the … welfare of the animals. The atmosphere of the farm.’

‘Atmosphere?’

‘Sometimes there can be more to life than making a profit, Dorothy.’

She stares at him. Perhaps it is her fury at finding herself addressed in a tone which she remembers from many years ago — the tone which an adult would adopt towards a trusting child — which provokes the insolence of her reply.

‘You know, Daddy always said that you and Aunt Tabitha were the odd ones of the family.’

She puts down her glass, pushes past her uncle and moves quickly to join in a conversation on the other side of the room.

Meanwhile, up in the nursery, there are two more Winshaws with a part to play in the family’s history. Roddy and Hilary, aged nine and seven, have tired of the rocking-horse, the model railway, the table-tennis set, the dolls and the puppets. They have even tired of their attempts to rouse Nurse Gannet by tickling her softly under the nose with a feather. (The feather in question having previously belonged to a sparrow which Roddy shot down with his airgun earlier that afternoon.) They are on the point of abandoning the nursery altogether and going downstairs to eavesdrop on the party — although, to tell the truth, the thought of walking down those long, dimly lit corridors and staircases frightens them somewhat — when Roddy has a flash of inspiration.

‘I know!’ he says, seizing upon a little pedal car and squeezing himself with difficulty into the driver’s seat. ‘I’ll be Yuri Gagarin, and this is my space-car, and I’ve just landed on Mars.’

For like every other boy of his age, Roddy worships the young cosmonaut. Earlier in the year he was even taken to see him when he visited the Earl’s Court exhibition, and Mortimer had held him aloft so that he could actually shake hands with the man who had voyaged among the stars. Now, crammed awkwardly into the undersized car, he starts to pedal with all his might while making guttural engine noises. ‘Gagarin to Mission Control. Gagarin to Mission Control. Are you reading me?’