have wanted to change. Even Shireenbai’s unemotional dutifulness, her scarcely hidden disappointments, seemed indispensable within the contours of his existence, posing as they did, a necessary corrective to his natural ebullience.

Such was Bahram’s success that he could very well have hived off from the Mistrie firm and set up a trading firm of his own – but this he was never seriously tempted to do. His compensation, for one thing, was so generous as to leave no room for complaint. But even more than his earnings, Bahram enjoyed the perquisites that went with serving as a representative of one of Bombay’s most highly regarded companies: the fact of being able to command some of the finest lodgings in Canton, for example, and of having a near-unlimited allowance for his personal expenses. And then there was the comfort and prestige of having at his disposal a ship like the Anahita, which his father-in-law had built with his own hands, specifically for his use, so that it served almost as his personal flagship: few traders, in Canton or elsewhere, could boast of travelling in such unmatched luxury.

Besides, breaking off from the Mistrie firm would inevitably have entailed a change of residence as well – and Bahram knew that Shireenbai would never agree to leave the family mansion. Every time he had ever suggested it, she had burst into tears. How can you speak of leaving? Ay apru gher nathi? Isn’t this our house too? You know my mother wouldn’t survive it if I left. And what would I do during those months and years when you’re away in China – alone on my own, with no man by my side? It would be different of course if gher ma deekra hote – if there was a son in the house, but…

So Bahram had been content to remain within the Mistrie fold, quietly building up his part of the business, grooming it into a worthy sibling for the family’s shipyard. But strangely, Bahram’s success did nothing to soften Shireenbai’s brothers’ view of him: on the contrary, it added an element of fear to their long-held suspicions, for they now began to resent their father’s growing reliance on him.

If the younger Mistries’ attitude was puzzling to Bahram, it was not so to his mother, who accounted for it by reaching into her ditty-bag of proverbs. Don’t you understand why they’re afraid? she said. What they’re saying to each other is: palelo kutro peg kedde – it’s the pet dog that bites you in the leg…

As so often before, Bahram had laughed at her homespun wisdom – but in the end it was she who was proved right.

Through all his years of working for Mistrie amp; Sons Bahram had assumed, with his father-in-law’s encouragement, that he would one day be given full control of the division he had founded and nurtured. But then, unexpectedly, the Seth had a stroke that left him paralysed and unable to speak. For many months he hovered between life and death, throwing the family, and the firm, into turmoil. The will that he was rumoured to have made was never found, and after his death his sons and grandsons quickly came to be embroiled in a struggle over the future of the firm. Neither Bahram nor Shireenbai played any part in this tussle, for her inheritance was held in trusteeship by her brothers, and Bahram himself did not possess enough of an equity stake to be considered a principal.

Bahram’s first inkling of what was afoot came when he was summoned to a meeting with his brothers-in-law. Sitting around him in a semicircle, they told him that they had come to a decision about the future of their company; the shipbuilding business had been in decline for a long time and they had now resolved to liquidate the whole firm in order to provide the brothers and their children with seed capital to start other businesses. Since the export division, and the fleet, were now the most valuable parts of the company, they would be the first to be sold. It was unfortunate of course that he, Bahram, would have to go into retirement; but in recognition of his contribution, the firm would certainly award him an extremely generous financial settlement – and it was true after all, that he was in his fifties now, with both his daughters married and well provided for. Had he not reached a point in his life when a luxurious retirement would seem like a fitting end to a brilliant career?

In other words, he, Bahram, who had contributed so much to the firm was to be shut out of the succession and pensioned off.

That the Mistries might be willing to sell off their hugely profitable export unit was a possibility that Bahram had never contemplated. Nor could he abide the thought of retirement; never to go to sea again, never to return to Canton would be to diminish his life by half or more; it would be as good as a living death. Three years had already passed since his last visit to China, and in the meanwhile his son, who was now in his early twenties, had disappeared and Chi-mei had died. For that reason alone it was impossible for him to think of renouncing Canton for ever; he would never be able to live with the torment of not knowing what had become of his boy.

But why now? said Bahram to his brothers-in-law. Why do you want to sell the export division at a time when it’s poised to do better than ever before? Why not wait a few years?

The Mistrie brothers explained that they had of late heard many troubling rumours about the situation in China; there was even talk that the Emperor would soon impose a total ban on opium imports. A period of prolonged uncertainty seemed to be looming ahead, which was why many Bombay businessmen were washing their hands of the China trade. As for themselves, they had always felt that this enterprise was overly risky and speculative; they had now concluded that it would be best to get rid of the export division before it became a drag upon the rest of the firm.

Bahram’s response was to stare at his brothers-in-law in frank astonishment: being much better informed about the situation than they, he had given the rumours and gossip much more attention than they had. The conclusion he had reached was exactly the opposite of theirs; it seemed to him that the present conditions offered an unmatched commercial opportunity, the like of which came only once or twice in a lifetime. Similar rumours had circulated in 1820 and Seth Rustamjee had tried to dissuade Bahram from shipping any opium that year. Not only had Bahram insisted on going, he had shipped his biggest consignment to date; things had turned out exactly as he had expected and he had made an immense profit. It was this coup that had pushed him into the select group of foreign merchants who were known in Canton as daaih-baan – or taipans, as they liked to style themselves.

Bahram had good reason to think that the same thing would happen again this year: he had recently learnt that a group of senior mandarins had submitted a memorial to the Emperor of China, recommending the legalization of the opium trade. It seemed likely that this would soon be acted upon: the state stood to earn huge revenues if it taxed the trade, and the mandarins too would make enormous profits. The demand for opium was sure to increase vastly afterwards.

Bahram could have told the Mistrie brothers about this if he had wished; he could also have told them that he had planned to ship an unusually large consignment of opium this year, in the expectation of making a great deal of money for the firm. But he did neither; instead he came to a decision that he should have made many years ago: for much too long had he used his wits, his nerves and his experience to make money for his brothers-in-law; it was time now to do it for himself. If he pooled all his resources, cashed in his savings, mortgaged his properties, sold Shireenbai’s jewellery and borrowed from his friends, he would surely be able to double or treble his capital, allowing him to set up his own company. The risk had to be taken.

He gave his brothers-in-law a polite smile. No, he said. No you will not sell off the export division.

What do you mean?

You will not sell it off because I will buy it from you myself.

You? they cried out in unison. But think of the cost… there are the ships… the Anahita… the crews and their salaries… the insurance… the daftars… the warehouses… the working capital… the fixed expenses.

They fell silent and goggled at him, until one of them found the breath to ask: And do you have the funds?

Bahram shook his head. No, he said. I don’t have the funds right now. But once we settle on a price, I give you my word that you’ll have the money within a year. Until that time, I ask that you leave the export division intact, and in my charge, to run as I see fit.

The brothers had glanced at each other uneasily, unsure of how to respond. To settle the matter, Bahram had pointed out, gently: You have no choice, you know. Everybody in Bombay knows that I have built this division from nothing. No one would buy it against my advice. You would not realize a fraction of its true price.

Right then there was a sound overhead. It was caused merely by the fall of some weighty object on the floor above – but Bahram was familiar with the superstitions of his audience and he seized his opportunity. Laying his hand on his heart, he said: Hak naam te Saahebnu, Truth is the name of the Almighty.

Just as he had expected, this ended the argument: the Mistries accepted his terms and Bahram went immediately to work.

Over the years he had nurtured and cultivated an extensive network of connections among the petty traders, caravan-masters and money-lenders who were responsible for transporting opium from the market towns of

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