'Well, what are we going to do?' Southwick asked angrily. 'We can't just look at these devils knowing that the ships are prisons for the passengers.'

'We can send the men to quarters and weigh and sink the Lynx. Mind you, you wouldn't have the bars in the capstan or the portlids raised before every hostage would be dead,' Ramage said quietly.

Aitken said: 'What do you propose, sir?'

'Let's wait a few days and just watch. We'll put the surveyors on shore each day, and you can send off Martin and Orsini in boats to take soundings and start that chart. Get the privateersmen accustomed to seeing our boats bustling about - but keep away from the prizes. Not obviously; just don't let any boat pass within hail.'

Southwick sniffed doubtfully, because he was not a man to play a waiting game, and the privateer had provoked him. 'How long do we wait, sir?'

"Wait" is not the correct word. We "observe" - like one of Aitken's poachers hiding in a clump of trees for a day or two before shooting one of the laird's deer. I want a detailed watch kept on the ships day and night: one man for each ship. Note what boats come and go, men leaving and arriving, stores, what work is done, the guards and where they are and how often they're changed, what the passengers do and how many... I want some good men who can write given this job. Jackson and people like that.'

'Bowen gets bored, sir,' Southwick commented. 'Just the sort of thing he'd like doing.'

'Very well, but they must keep out of sight: I don't want the privateersmen to realize we are keeping a special watch on them. But of course they might try to board us!'

'Do you think they'll try?' Aitken sounded hopeful.

'It probably depends on whether or not brother Tomás believed my play-acting. He'll have about a hundred men in the Lynx, and he can guard the hostages with twenty-five. Would he risk trying to capture a frigate with seventy-five men...'

'You would,' Southwick said.

'Only if I had no choice! But I don't think Tomás feels trapped: I'm sure he believes having the hostages is enough insurance.'

'Plus having a sleepy and vague captain commanding the frigate,' Southwick said. 'Your performance would have convinced me - and I speak English! The way you tried to avoid any responsibility: Hart was delighted with that! Little does he know how many times First Lords and admirals have lost their tempers and accused you of taking too much responsibility!'

'Being sleepy and vague gave me a little time to think,' Ramage admitted. 'I was sitting here expecting the pompous master of one of the John Company ships to invite me to dinner to make conversation with his tedious passengers. Instead Aitken brings in a quartet of the most improbable scoundrels with a story that almost beggars the imagination!'

Aitken grinned and stood up. 'If you'll excuse me, sir. I think I'll go and arrange the first watch of lookouts: I'd like to take each man and "introduce" him to his ship. We had better start a log for each ship, so that in a day or so we will know how many are on board, who are prisoners and who guards.'

Ramage opened a drawer of his desk and took out a polished mahogany case. As he opened it, Southwick grinned. 'The Marchesa would like to see you getting those pistols out and loading them, sir: it's a long time since she bought them for you.'

'The day I was made post,' Ramage recalled, 'we went to Bond Street with my father. In fact I remember the Admiraland I waiting in the gunsmith while the Marchesa was in another shop buying lace. Then she came in and bought pistols!'

'Impasse.' Ramage crossed out the words and wrote 'checkmate'. Then he ran a line through 'mate': it was certainly 'check' as far as Tomás and Jebediah Hart were concerned, but not checkmate: Ramage guessed he still had a move - if only he could see what it was.

The privateersmen - curious how he avoided thinking of them as pirates: perhaps because it seemed absurd in these modern times to realize that pirates still existed - had five ships and nearly fifty passengers as hostages. Neither Hart nor Tomás had threatened the safety of the ships' companies, who would number about two hundred and fifty.

Very well, he had written down a single word describing the situation, but what did he know, or guess? First, there were two privateers, the Lynx and another which was still out looking for more victims and which was due back in 'a few days'.

Where would the prizes be taken? Unless cargoes and hulls could be sold, there was no point in capturing the merchant ships. Well, obviously not to British, Dutch or French ports, judging from the nationality of the present victims. Tomás was Spanish-speaking; the nearest ports - conveniently to leeward, as well - were Portuguese in Brazil or Spanish to the southwest.

Ramage wrote 'Prizes sold in River Plate ports?' That gave him a choice of Montevideo or Buenos Aires. The River Plate, nearly a hundred miles wide, was a busy area; the Spanish merchants there would always need ships. Particularly now, he realized. The war had meant that many, if not most, of the merchant ships trading in that area, and occasionally making a bolt for Spain to sell hides and bring back manufactured goods (what the Jonathan traders called 'notions'), had been captured by the Royal Navy. They were not restored to their owners by the absurd treaty, so Spanish shipowners would be looking round for suitable replacement vessels to buy. And they must be in a hurry, because every merchant along the banks of the River Plate would be anxious to ship something to somewhere else: goods made a profit only when they moved to the market place; stored in warehouses they cost money. Nor was that an original thought: it had been pointed out to him several years ago by Sidney Yorke, the young man who owned a small fleet of merchant ships.

Anyway, that answered the question of what happened to the ships. What about the hostages? The ships' officers would not be worth anything; they would probably be killed or, with the crews of the ships, put on shore at one of the remoter Brazilian ports. But how was a ransom demand for the hostages going to be sent on to those able (and willing) to pay? A message for the hostages' respective governments could be put on board homeward-bound ships, naming the prices and where the money should be paid over - somewhere like Madrid, or Cadiz, he presumed.

Yet compared with the value of the ships, the problems of collecting ransom entailed a great deal of work for very little profit, quite apart from the delays involved. Governments or relatives would want assurances that the hostages would be handed over safely. Neither Hart nor Tomás seemed the kind of man for that sort of work.

Ramage wrote 'Fate of hostages?', and then added: 'Murdered or released without ransom?' He guessed that Tomás would vote for murder and Hart for release. Which of the two men really was the leader?

Then he wrote down the question whose answer he hardly dared to think about: 'What is the consequence of the Calypso's arrival?'

The privateers had been quick to act. Obviously they had a lookout on the island who had spotted the Calypso on the eastern horizon, but the speed with which they arranged the hostages and made their plans showed that the Lynx was commanded by a decisive captain, not an argumentative committee of privateersmen. Tomás or Hart? He needed to know because one of them would murder without hesitation.

The final question was: 'Can they blackmail me into leaving with the Calypso?'

Of course they could! But would they? From the Lynx's point of view, having the Calypso at anchor here ensured she was helpless: any action by her could provoke the murder of the hostages. On the other hand the Calypso at sea and out of sight could be fetching reinforcements (not much of a threat, considering the distances involved) or by chance meeting another of the King's ships (quite likely farther to the east, on the Cape route). Or could be intercepting the second privateer, surprising her with her prizes and sinking her.