sired like a great stallion. By sheer force of personality and guts he’d wrenched it into the world, and now it was the largest home-insurer in Australia, a name everyone knew, HOA, Homes of Australia-the name he’d given it, just as he’d given it life and form and air.

But you had to watch people like Shane O’Connell. They were not always unquestioning in their allegiance to Mac, to HOA. They failed to understand that the two were indivisible, that HOA was nothing without Mac and that Mac was-he jerked back from that thought as if slapped with a wet fish. Sure, all his vast, complex, interlocking, tangled fishnet of private companies and Swiss bank accounts and hedge fund investments and trust funds and God knew what else (well he hoped God knew because Mac could never understand it all), sure this stuck-spaghetti mix all lived on the sauce of HOA, but there was no reason ever to assume that sauce would cease to flow. Maybe now and again Mac woke in the night, in the room he’d moved to across the hall from Edith, or in the apartment, with Bonny breathing softly, evenly beside him, the magnolia scent of her breath mingling with the musk of her mounds and clefts. Yes, he woke sometimes despite his oft-repeated boast, ‘I always sleep like a baby’. (Babies woke, didn’t they?) But not often. And not for long. If there was a problem, and lately there’d been one or two icebergs in the water, he attacked ferociously and sank them, or whatever you did to icebergs.

But you had to watch the doubters. Shane O’Connell was easy to handle once you knew where he was headed. But he was deceitful and shifty and on the take. At least Sir Laurence’s arrangements were all in the open-well, in the open with Mac. There was no need for others to be concerned with them.

O’Connell was one of those lawyers who didn’t really practise law and was only on his board because he represented the interests of the biggest foreign shareholder in HOA. Just how he’d brown-nosed his way into that job Mac had never discovered. Anyway, it wasn’t O’Connell who had been waking him up in the black hours lately. It was that damn idiot Buckley, a creature of his own making. The man had been a run-of-the-mill accountant before Mac promoted him to chief financial officer and then, only a year and a half ago, to chief executive. And now he’d found religion or something and was scampering around mouthing off about ‘corporate governance’ and ‘transparency’ and ‘triple bottom line’. There was only one bottom line in HOA and that was the line Mac drew in the sand, the auditors audited, the shareholders knelt before. As they all had and did in the regular, steady rhythm of corporate communion. So why this idiot Buckley was digging around in corners among contracts and ‘conflicts’ that didn’t concern him and hadn’t concerned anyone else-because they didn’t know about them, because they didn’t need to know about them-Mac was at a loss to understand. He was well paid, obscenely well paid. He just failed to understand what he was paid for. Why did he need to know the detail of every consultancy fee? What business of his was it when reserves were released to profits? The actuaries were responsible for working that out, not the CEO. Or, more accurately, Mac decided what was needed and the actuaries signed off on it. It had always been that way. For Christ’s sake, he’d hired all these people, and they hadn’t been easy to find; flexibility of thinking was required and not many people had it.

Apparently not Buckley. Well, he’d have to go. But in the quiet transition the market appreciated. Which meant a replacement who looked better. Which was what was keeping him awake at night. Still, as his father used to say, ‘Macquarie, the solution to any problem is usually in front of your eyes-you just look through them.’

Enough of this navel gazing (though he took one last peek down at the Big Mac chest and stomach and thighs before they had to be lightly covered to greet the guests). The last of them was aboard now and it was time to descend and dazzle them with all his force and power and the trappings of this floating castle. The one he’d really blow away was this last figure, coming aboard in a jacket that looked like tweed-tweed, on a twenty-degree evening-probably with patches on the elbows, and carrying a duffel bag that reminded him of something you found in an army disposal store. Archie Speyne might be the director of the Sydney Museum of Modern Art, he might be used to sauntering around halls jammed with masterpieces (half of them jammed with crap from what Mac could see), but he’d be bowled over when he took the art tour on the Honey Bear. Yes, they’d start with that today. He’d been planning to start with the toy tour, all the boats and gadgets and playthings, but this was better. Straight into the art. He couldn’t wait to see the look on that pumped-up little know-it-all’s face when he saw Mac’s Whiteley, better than anything the gallery had, and the Moore sculpture-a small one, admittedly, but on a boat and who the hell expects to see a Henry Moore on a boat in Sydney Harbour? Well, he’d be blown away, and would soon forget about plaguing Mac for whatever it was he’d been manoeuvring for over the past few months. Mac had invited him for sport, so let’s have some sport.

Wisps of early-morning fog were burning off the gunmetal Hawkesbury, flocked here and there with shafts of sun filtering through the impasto of clouds and mist. The river was still, tide turning, windless, birdless, fishless, boatless-except for the sleeping Honey Bear, resting at anchor in an angophora-lined cove. Its gold standard hung limply at the pole. The deep navy of the hull with amber rails and beading curved elegantly into the sheet-glass water. A fish jumped. The ripples spread out gently from the point of entry and reflected in the eight coats of marine varnish. As the haze swept up off the river, the peeling pink bark of the angophoras was lit with klieg lights and the colours danced and dazzled in a blotchy palette. The great river turned blue in unison with the sky and the world was suddenly awake. A pelican flew overhead, peered down at the floating blue log like a bewigged judge assessing a miscreant, lowered its undercarriage and set down in a foamy wash.

Jack Beaumont’s bare feet edged their way onto the deck, stepping quietly, carefully, even though there was no one for the feet to wake. The other guests were three decks above and Mac slept in a separate apartment at the stern that was the size of the average Hawkesbury cruiser. The movement of the feet was almost furtive, as if their owner was afraid to be seen, to be discovered emerging here as early a riser as the mist. The feet arrived at the rail and Jack looked down at the pelican. He knew this river so well, ever since he’d first paddled fifty miles of it in a Canadian canoe as a boy, all the way from Windsor to Lion Island, letting the canoe run when the tide was flowing out and paddling steadily into the incoming stream. He knew it better than the pelican, because the huge bird wouldn’t fly into the upper reaches where the grass ran down in a smooth edge to the casuarina roots disappearing into the water. He knew it as it was now, at peace, and he knew it when the storms whipped waves over the sandbars and the outgoing tide was a flood you’d never swim against. He knew the wide mouth into Pittwater and Broken Bay. He’d slept on Lion Island, which was infested with snakes baking on burning sandstone in the furnace of the summer midday, and woken with tiny penguins in their dinner jackets sniffing inquiringly at his swag on the beach at midnight. He remembered blue swimmer crabs boiling in a pot over an open fire and his father poking in the ashes for potatoes in their charred jackets. He’d felt the first stirrings of rising sap in an old Halvorsen on this river, as his fourteen-year-old hands ran over the nearly there breasts of Bobbi Ruwald and the Everly Brothers sang nasally about tearing down goalposts.

But now he felt a vague queasiness, bile in the mouth from a cocktail of guilt, remorse and champagne. Why should he? It was all well and good for the pelican to cast judgement with that great nodding bill of supposed wisdom. What did he know of copper-coloured loins thrusting and sliding in a marble spa? No one was hurt. No one knew. She seemed to demand orgasms for her reward, nothing more. Anyway, girls were like that now. They didn’t need love and promises anymore, just orgasms. And Louise wasn’t here. She was at a literary retreat, discussing the early novels of Jane Austen, or Tolstoy as a misogynist, or something. The kids were in camp. So who was he hurting? After all, he was still Jack-the-lad to the boys in the group, so now and again you had to play the part. Besides he was bored, life was too easy, business was too easy, money came too easily. You had to look over the edge now and again. But still his mouth was a stale lemon.

The pelican drifted almost to the hull as if to check the alignment of its bill in the mirrored wood, looked up at Jack briefly, then slowly turned and paddled off into the gentle eddies. Jack followed its dignified exit up the river. Minutes ticked away. Nothing moved except the great bird and the sliding clouds.

Crack. Suddenly an explosive sound, a gunshot, a weapon of some sort wrecked the peace and a missile fell into the water not far from the pelican. Jack was shocked into action. There it was again. Crack, and then a thump into the water, closer to the bird this time. Jack was running now, bare feet thudding on the immaculate decks, any thoughts of disturbing sleepers cast aside, running to the stern where someone-who?-was shooting at the pelican. A pelican, for Christ’s sake. Who could ever shoot at any bird, let alone a pelican, the most majestic of all birds? Jack had always loved watching them landing like 747s in the bays of Pittwater and waddling onto Snapperman Beach to take the chips he threw from the greasy paper, the hard bits that were left from the fish and chips his mum bought from across Barrenjoey Road. He loved to watch the span of their wings as they rode the uplifts along the cliffs between Whale Beach and Palm Beach above the wilderness of rockpools where he went to search for shells, or tiny, brightly coloured fish that looked like they belonged on the Barrier Reef, or octopus that sometimes leapt frighteningly from crevasses. He always poked around with a stick in the pools for the octopus but secretly he hoped never to find them.

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