'Open Space all the way,' Clive Porton announced uncertainly, as he watched through his glasses. 'The favourite's done it. Splendid. Well done, Open Space, well done, lad.' They began the long turn before the final straight. 'Come on Open Space, stretch for it man, ride! Use your whip, you cretin!' Porton screamed, for by now it was clear even to the naked eye that the sky blue and sea-grey colours of Lucky Nelson were heading for the front, and that his competitors were courteously making way for him. A second horse put up a show of challenging, then flagged, but Open Space was already three lengths behind while his jockey worked furiously with his whip on the air around his mount's quarters.

'Objection!' Porton was shouting. 'Where's the stewards for God's sake? That horse was pulled! I never saw a horse so pulled in my life!'

As Lucky Nelson loped gracefully past the post, Jerry quickly turned his gaze to the right again, and down. Ko appeared unmoved. It was not oriental inscrutability: Jerry had never subscribed to that myth. Certainly it was not indifference. It was merely that he was observing the satisfactory unfolding of a ceremony: Mr Drake Ko watches a march-past of his troops. His little mad wife stood poker-backed beside him as if, after all the struggles. of her life, they were finally playing her anthem. For a second Jerry was reminded of old Pet in her prime. Just the way Pet looked, thought Jerry, when Sambo's pride came in a good eighteenth. Just the way she stood, and coped with failure.

The presentation was a moment for dreams.

While the scene lacked a cake-stall, the sunshine was certainly far beyond the expectation of the most sanguine organiser of an English village fête; and the silver cups were a great deal more lavish than the scratched little beaker presented by the squire for excellence in the three-legged race. The sixty uniformed policemen were also perhaps a trifle ostentatious. But the gracious lady in a nineteen-thirties turban who presided over the long white table was as mawkish and arrogant as the most exacting patriot would have wished. She knew the form exactly. The Chairman of the Stewards handed her the cup and she quickly held it away from her as if it were too hot for her hands. Drake Ko and his wife, both grinning hugely, Ko still in his beret, emerged from a cluster of delighted supporters and grabbed the cup, but they tripped so fast and merrily back and forth across the roped-off patch of grass that the photographer was caught unprepared and had to ask the actors to re-stage the moment of consummation. This annoyed the gracious lady quite a lot, and Jerry caught the words 'bloody bore' drawled out over the chatter of the onlookers. The cup was finally Ko's, the gracious lady took sullen delivery of six hundred dollars' worth of gardenias, East and West returned gratefully to their separate cantonments.

'Do him?' Captain Grant enquired amiably. They were sauntering back toward the stands.

'Well yes, actually,' Jerry confessed with a grin. 'Bit of a turn-up, wasn't it!'

'Oh, it was Drake's race, all right,' said Grant drily. They walked a little. 'Clever of you to spot it. More than we did. Do you want to talk to him?'

'Talk to who?'

'Ko. While he's flushed with victory. Perhaps you'll get something out of him for once,' said Grant with that fond smile. 'Come, I'll introduce you.'

Jerry did not falter. As a reporter he had every reason to say 'yes'. As a spy - well, sometimes they say at Sarratt that nothing is insecure but thinking makes it so. They sauntered back to the group. The Ko party had formed a rough circle round the cup and the laughter was very loud. At the centre, closest to Ko, stood the fat Filipino with his beautiful girl, and Ko was clowning with the girl, kissing her on both cheeks, then kissing her again, while everyone laughed except Ko's wife, who withdrew deliberately to the edge and began talking to a Chinese woman her own age.

'That's Arpego,' said Grant in Jerry's ear and indicated the fat Filipino. 'He owns Manila and most of the out-islands.'

Arpego's paunch sat forward over his belt like a rock stuffed inside his shirt.

Grant did not make straight for Ko, but singled out a burly bland-faced Chinese of forty in an electric blue suit, who seemed to be some kind of aide. Jerry stood off, waiting. The plump Chinese came over to him, Grant at his side.

'This is Mr Tiu,' said Grant quietly. 'Mr Tiu, meet Mr Westerby, son of the famous one.'

'You wanna talk to Mr Ko, Mr Wessby?'

'If it's convenient.'

'Sure it's convenient,' said Tiu euphorically. His chubby hands floated restlessly in front of his stomach; He wore a gold watch on his right wrist. His fingers were curled, as if to scoop water. He was sleek and shiny and he could have been thirty or sixty. 'Mr Ko win a horse-race, everything's convenient. I bring him over. Stay here. What's your father's name?'

'Samuel,' said Jerry.

'Lord Samuel,' said Grant firmly, and inaccurately.

'Who is he?' Jerry asked aside, as plump Tiu returned to the noisy Chinese group.

'Ko's majordomo. Manager, chief bag carrier, bottle washer, fixer. Been with him since the start. They ran away from the Japanese together in the war.'

And his chief crusher too, Jerry thought, watching Tiu waddling back with his master.

Grant began again with the introductions.

'Sir,' he said, 'this is Westerby, whose famous father, the Lord, had a lot of very slow horses. He also bought several race-courses for the bookmakers.'

'What paper?' said Ko. His voice was harsh and powerful and deep, yet to Jerry's surprise he could have sworn he caught a trace of an English North Country accent, reminiscent of old Pet's.

Jerry told him.

'That the paper with the girls!' Ko yelled gaily. 'I used to read that paper when I was in London, during my residence there for the purpose of legal study at the famous Gray's Inn of Court. Do you know why I read your paper, Mr Westerby? It is my sound opinion that the more papers which are printing pretty girls in preference to politics today, the more chance we get of a damn sight better world, Mr Westerby,' Ko declared, in a vigorous mixture of misused idiom and boardroom English. 'Kindly tell that to your paper from me, Mr Westerby. I give it to you as free advice.'

With a laugh, Jerry opened his notebook.

'I backed your horse, Mr Ko. How does it feel to

win?' 'Better than losing, I think.' 'Doesn't wear off?' 'I like it better every time.' 'Does the same go for business?' 'Naturally.' 'Can I speak to Mrs Ko?' 'She's busy.' Jotting, Jerry was disconcerted by a familiar

smell. It was of a musky, very pungent French soap, a blend of almonds and rosewater favoured by an early wife: but also, apparently, by the shiny Tiu for his greater allure. 'What's your formula for winning, Mr Ko?'

'Hard work. No politics. Plenty sleep.'

'Are you a lot richer than you were ten minutes ago?'

'I was pretty rich ten minutes ago. You may tell your paper also I am a great admirer of the British way of life.'

'Even though we don't work hard? And make a lot of politics?'

'Just tell them,' Ko said, straight at him, and that was an order.

'What makes you so lucky, Mr Ko?'

Ko appeared not to hear this question, except that his smile slowly vanished. He was staring straight at Jerry, measuring him through his very narrow eyes, and his face had hardened remarkably.

'What makes you so lucky, sir?' Jerry repeated.

There was a long silence.

'No comment,' Ko said, still into Jerry's face.

The temptation to press the question had become irresistible. 'Play fair, Mr Ko,' Jerry urged, grinning largely. 'The world's full of people who dream of being as rich as you are. Give them a clue, won't you? What makes you so lucky?'

'Mind your own damn business,' Ko told him, and without the smallest ceremony turned his back on him and walked away. At the same moment, Tiu took a leisurely half pace forward, arresting Jerry's line of advance, with one soft hand on his upper arm.

'You going to win next time round, Mr Ko?' Jerry called over Tiu's shoulder at his departing back.

'You better ask the horse, Mr Wessby,' Tiu suggested with a chubby smile, hand still on Jerry's arm.

He might as well have done so, for Ko had already rejoined his friend Mr Arpego, the Filipino, and they were laughing and talking just as before. Drake Ko was very tough boy, Jerry remembered. You don't tell no fairy story to Drake Ko. Tiu doesn't do so badly either, he thought.

As they walked back toward the grandstand, Grant was laughing quietly to himself.

'Last time Ko won he wouldn't even lead the horse into the paddock after the race,' he recalled. 'Waved it away. Didn't want it.'

'Why the hell not?'

'Hadn't expected it to win, that's why. Hadn't told his Chiu Chow friends. Bad face. Maybe he felt the same when you asked him about his luck.'

'How did he get to be a Steward?'

'Oh, had Tiu buy the votes for him, no doubt. The

usual thing. Cheers. Don't forget your winnings.'

Then it happened: Ace Westerby's unforeseen scoop. The last race was over, Jerry was four thousand dollars to the good and Luke had disappeared. Jerry tried the American Club, Club Lusitano and a couple of others, but either they hadn't seen him or they'd thrown him out. From the enclosure there was only one gate, so Jerry joined the march. The traffic was chaotic. Rolls-Royces and Mercedes vied for kerb space and the crowds were shoving from behind. Deciding not to join the fight for taxis, Jerry started along the narrow pavement and saw to his surprise Drake Ko, alone, emerging from a gateway across the road, and for the first time since Jerry had set eyes on him he was not smiling. Reaching the roadside, he seemed undecided whether to cross, then settled for where he was, gazing at the oncoming traffic. He's waiting for the Rolls-Royce Phantom, thought Jerry, remembering the fleet in the garage at Headland Road. Or the Merc, or the Chrysler. Suddenly Jerry saw him whip off the beret and clowning, hold it into the road, as if to draw rifle fire. The wrinkles flew up around his eyes and jaw, his gold teeth glittered in welcome and instead of a Rolls-Royce, or a Merc, or a Chrysler, a long red Jaguar E-type with a soft top folded back screeched to a stop beside him, oblivious of the other cars. Jerry couldn't have missed it if he'd wanted to. The noise of the tyres alone turned every head along the pavement. His eye read the number, his mind recorded it. Ko climbed aboard with all the excitement of someone who might never have ridden in an open car before, and he was already talking and laughing before they pulled away. But not before Jerry had seen the driver, her fluttering blue headscarf, dark glasses, long blonde hair, and enough of her body, as she leaned across Drake to lock his door, to know that she was a hell of a lot of woman. Drake's hand was resting on her bare back, fingers splayed, his spare hand was waving about while he no doubt gave her a blow-by-blow account of his victory, and as they set off together he planted a very un-Chinese kiss on her cheek, and then, for good measure, two more: but all, somehow, with a great deal more sincerity than he had brought to the business of kissing Mr Arpego's escort.