was going to do with my life, a question I couldn't answer. I'd spent seven years learning how to live, which was different, but I'd had no formal training in anything. I felt claustrophobic in offices and I was not academic. I understood machines and was quick with my hands. I had no overpowering ambitions. I wasn't the entrepreneur my father had been, but nor would I squander the fortune he had left me.

'What have you been doing?' old Cornborough said, making conversation valiantly. 'You've been to some interesting places, haven't you?'

Travellers' tales were pretty boring, I thought. It was always better to live it. 'I mostly worked with horses,' I said politely. ' Australia, South America, United States, anywhere. Racehorses, polo ponies, a good deal in rodeos. Once in a circus, '

'Good heavens.'

'It's not easy now, though, and getting harder, to work one's passage. Too many countries won't allow it. And I won't go back to it. I've done enough. Grown out of it.'

'So what next?'

'Don't know.' I shrugged. 'Look around. I'm not getting in touch with my mother's people, so don't tell them I'm here.'

'If you say so.'

My mother had come from an impoverished hunting family who were scandalized when at twenty she married a sixty-five-year-old giant of a Yorkshireman with an empire in second-hand car auctions and no relatives in Burke's Peerage. They'd said it was because he showered her with horses, but it always sounded to me as if she'd been truly attracted. He at any rate was besotted with her, as his sister, my aunt, had often told me, and he'd seen no point in living after she was killed in a hunting accident, when I was two. He'd lasted three years and died of cancer, and because my mother's family hadn't wanted me, my aunt Viv Kelsey had taken me over and made my young life a delight.

To aunt Viv, unmarried, I was the longed-for child she'd had no chance of bearing. She must have been sixty when she took me, though I never thought of her as old. She was always young inside; and I missed her dreadfully when she died.

Millington 's voice said, 'The car you are following… are you still following it?'

'Still in sight.'

'It's registered to a Derry Welfram. Ever heard of him?'

'No.'

Millington still had connections in the police force and seemed to get useful computerized information effortlessly.

'His address is down as Parkway Mansions, Maida Vale, London,' he said. 'If you lose him, try there.'

'Right.'

Derry Welfram obligingly drove straight to Parkway Mansions and others of Millington 's minions later made a positive identification. Millington tried a photograph of him on each of the witnesses with the unreliable memories and, as he described to me afterwards, 'They both shit themselves with fear and stuttered they'd never seen the man, never, never.' But they'd been so effectively frightened, both of them, that Millington could get nothing out of them at all.

Millington told me to follow Derry Welfram if I saw him again at the races, to see who else he talked to, which I'd been doing for about a month on the day the navy-suit fell on its buttons. Welfram had talked intensely to about ten people by then and proved he was comprehensively a bearer of bad news, leaving behind him a trail of shocked, shivering, hollow-eyed stares at unwelcome realities. And because I had an ingenious camera built into binoculars (and another that looked like a cigarette lighter) we had recognizable portraits of most of Welfram's shattered contacts, though so far identifications for less than half. Millington 's men were working on it.

Millington had come to the conclusion that Welfram was a frightener hired to shake out bad debts: a rent-a- thug in general, not solely Filmer's man. I had seen him speak to Filmer only once since the first occasion, which didn't mean he hadn't done so more often. There were usually race meetings at three of more different courses in England each day, and it was a toss-up, sometimes, to guess where either of the quarries would go. Filmer, moreover, went racing less often than Welfram, two or three times a week at most. Filmer had shares in a great many horses and usually went where they ran; and I checked their destinations every morning in the racing press.

The problem with Filmer was not what he did, but catching him doing it. At first sight, second sight, third sight he did nothing wrong. He bought racehorses, put them in training, went to watch them run, enjoyed all the pleasures of an owner. It was only gradually, over the ten years since Filmer had appeared on the scene, that there had been eyebrows raised, frowns of disbelief, mouths pursed in puzzlement.

Filmer bought horses occasionally at auction through an agent or a trainer but chiefly acquired them by deals struck in private, a perfectly proper procedure. Any owner was always at liberty to sell his horses to anyone else. The surprising thing about some of Filmer's acquisitions was that no one would have expected the former owner to sell the horse at all.

I had been briefed about him by Millington during my first few weeks in the Service, but then only as someone to be generally aware of, not as a number one priority.

'He leans on people,' Millington said. 'We're sure of it, but we don't know how. He's much too fly to do anything where we can see him. Don't think you'll catch him handing out bunches of money for information, nothing crude like that. Look for people who're nervous when he's near, right?'

'Right.'

I had spotted a few of those. Both of the trainers who trained his horses treated him with caution, and most of the jockeys who rode them shook his hand with their fingertips. The Press, who knew they wouldn't answer questions, hardly bothered to ask them. A deferential decorative girlfriend jumped when he said jump, and the male companion frequently in attendance fairly scuttled. Yet there was nothing visibly boorish about his general manner at the races. He smiled at appropriate moments, nodded congratulations to other owners in the winners' enclosures and patted his horses when they pleased him.

He was in person forty-eight, heavy, about five foot ten in height. Millington said the weight was mostly muscle, as Filmer spent time three days a week raising a sweat in a gym. Above the muscle there was a well- shaped head, large flat ears and thick black hair flecked with grey. I hadn't been near enough to see the colour of his eyes, but Millington had them down as greenish brown.

Rather to Millington 's annoyance I refused to follow Filmer about much. For one thing, in the end he would have been certain to have spotted me, and for another it wasn't necessary. Filmer was a creature of habit, moving from car to lunch to bookmaker to grandstand to paddock at foreseeable intervals. At each track he had a favourite place to watch the races from, a favourite vantage point overlooking the parade ring and a favourite bar where hedrank lager mostly and plied the girlfriend with vodka. He rented a private box at two racecourses and was on the waiting list at several more, where his aim seemed to be seclusion rather than the lavish entertainment of friends.

He had been born on the Isle of Man, that tax-haven rock out of sight of England in the stormy Irish Sea, and had been brought up in a community stuffed with millionaires fleeing the fleecing taxes of the mainland. His father had been a wily fixer admired for fleecing the fled. Young Julius Apollo Filmer (his real name) had learned well and outstripped his father in rich pickings until he'd left home for wider shores; and that was the point, Millington said gloomily, at which they had lost him. Filmer had turned up on racecourses sixteen or so years later giving his occupation as 'company director' and maintaining a total silence about his source of considerable income.

During the run-up to the conspiracy trial, the police had done their best to unravel his background further, but Julius Apollo knew a thing or two about off-shore companies and had stayed comfortably ravelled. He still officially lived on the Isle of Man, though he was never there for long. During the Flat season he mostly divided his time between hotels in Newmarket and Paris, and in the winter he dropped entirely out of sight, as far as the Security Service was concerned. Steeplechasing, the winter sport, never drew him.

During my first summer with the Service he had bought, to everyone's surprise, one of the most promising two-year-olds in the country. Surprise, because the former owner, Ezra Gideon, was one of the naturals aristocrats of racing, a much respected elderly and extremely wealthy man who lived for his horses and delighted in their successes. No one had been able to persuade him to say why he had parted with the best of his crop or for what price: he bore its subsequent high-flying autumn, its brilliant three-year-old season and its eventual multi-

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