"What is it?" his wife asked.

"It's from them." Shakily he showed it to her. "The Were- wolves."

"Oh!" They were at their lunch table that was set haphazardly in a corner of the living room of the house far up on the crest of Struan's Lookout. Nervously she put down her coffee cup. "Open it, Phillip. But, but better use your handkerchief ina in case of fingerprints," she added uneasily.

"Yes, yes of course, Dianne, how stupid of me!" Phillip Chen was looking very old. His coat was over his chair and his shirt damp. There was a slight breeze from the open window behind him but it was hot and humid and a brooding afternoon haze had settled over the Island. Carefully he used an ivory paper knife and unfolded the paper. "Yes, it'sa it's from the Werewolves. It'sa it's about the ransom."

"Read it out."

"All right: 'To Phillip Chen, compradore of the Noble House, greetings. I beg to inform you now how the ransom money is to be paid. 500,000 to you is as meaningless as a pig's scream in a slaughterhouse but to us poor farmers would be a heritage for our star '"

"Liars!" Dianne hissed, her lovely gold and jade necklace glittering in a shaft of muted sunlight. "As if farmers would kidnap John or mutilate him like that. Dirty stinky foreign triads! Go on, Phillip"

"'a would be a heritage for our starving grandchildren. That you have already consulted the police is to us like pissing in the ocean. But now you will not consult. No. Now you will keep secret or the safety of your son will be endangered and he will not return and everything bad will be your own fault. Beware, our eyes are everywhere. If you try to betray us, the worst will happen and everything will be your own fault. Tonight at six o'clock I will phone you. Tell no one, not even your wife. Meanw '"

"Dirty triads! Dirty whores' sons to try to spread trouble between husband and wife," Dianne said angrily.

"'a meanwhile prepare the ransom money in used 100-dollar notesa' " Irritably Phillip Chen glanced at his watch. "I don't have much time to get to the bank. I'll have"

"Finish the letter!"

"All right, be patient, my dear," he said placatingly, his overtaxed heart skipping a beat as he recognized the edge to her voice. "Where was I? Ah yes, 'a notes. If you obey my instructions faithfully, you may have your son back tonighta' Oh God I hope so," he said, breaking off momentarily, then continued, " 'Do not consult the police or try to trap us. Our eyes are watching you even now. Written by the Werewolf.' " He took off his glasses. His eyes were red-rimmed and tired. Sweat was on his brow. " 'Watching you even now'? Could one of the servantsa or the chauffeur be in their pay?"

"No, no of course not. They've all been with us for years."

He wiped the sweat off, feeling dreadful, wanting John back, wanting him safe, wanting to strangle him. "That means nothing. I'da I'd better call the police."

"Forget them! Forget them until we know what you have to do. Go to the bank. Get 200,000 only you should be able to settle for that. If you get more you might be tempted to give it all to them if tonighta if they really mean what they say."

"Yesa very wise. If we could settle for thata" He hesitated. "What about the tai-pan? Do you think I should tell the tai-pan, Dianne? He, he might be able to help."

"Huh!" she said scornfully. "What help can he give us? We're dealing with dog-bone triads not foreign devil crooks. If we need help we have to stay with our own." Her eyes began boring into him. "And now you'd better tell me what's really the matter, why you were so angry the night before last and why you've been like a spiteful cat with a thorn in its rump ever since and not attending to business!"

"I've been attending to business," he said defensively.

"How many shares have you bought? Eh? Struan shares? Have you taken advantage of what the tai-pan told us about the coming boom? Do you remember what Old Blind Tung forecast?"

"Of course, of course I remember!" he stuttered. "I've, I've secretly doubled our holdings and have equally secret orders out with various brokers for half as much again."

Dianne Chen's abacus mind glowed at the thought of that vast profit, and all the private profit she would be making on all the shares she had bought on her own behalf, pledging her entire portfolio. But she kept her face cold and her voice icy. "And how much did you pay?"

"They averaged out at 28.90."

"Huh! According to today's paper Noble House opened at 28.80," she said with a disapproving sniff, furious that he had paid five cents less a share than she had. "You should have been at the market this morning instead of moping around here, sleeping your life away."

"I wasn't feeling very well, dear."

"It all goes back to the night before last. What sent you into that unbelievable rage? Heya?"

"It was nothing." He got up, hoping to flee. "Nosh"

"Sit down! Nothing that you shouted at me, me your faithful wife in front of the servants? Nothing that I was ordered into my own dining room like a common whore? Heya?" Her voice began rising and she let herself go, knowing instinctively that this was the perfect time, now that they were alone in the house, knowing that he was defenseless and she could press her advantage. "You think it's nothing that you abuse me, me who has given you the best years of her life, working and slaving and guarding you for twenty-three years? Me, Dianne Mai-wei T'chung who has the blood of the great Dirk Struan in her veins, who came to you virgin, with property in Wanchai, North Point and even on Lan Tao, with stocks and shares and the best schooling in England? Me who never complains about your snoring and whoring or about the brat you sired out of that dance-hall girl you've sent to school in America!"

"Eh?"

"Oh I know all about you and her and all the others and all the other nasty things you do, and that you never loved me but just wanted my property and a perfect decoration to your drab lifea Phillip Chen was trying to close his ears but he could not. His heart was pounding. He hated rows and hated the shriek to her voice that, somehow, was perfectly tuned to set his teeth on edge, his brain oscillating and his bowels in turmoil. He tried to interrupt her but she overrode him, battering him, accusing him of all sorts of dalliances and mistakes and private matters that he was shocked she knew about.

"a and what about your club?"

"Eh, what club?"

"The private Chinese lunch club with forty-three members called the 74 in a block off Pedder Street that contains a gourmet chef from Shanghai, teen-age hostesses and bedrooms and saunas and devices that dirty old men need to raise their Steamless Stalks? Eh?"

"It's nothing like that at all," Phillip Chen spluttered, aghast that she knew. "It's a pl"

"Don't lie to me! You put up 87,000 good U.S. greenbacks as the down payment with Shitee T'chung and those two mealy-mouthed friends of yours and even now pay 4,000 HK-a-month fees. Fees for what? You'd bettera Where do you think you're going?"

Meekly he sat down again. "I I was I want to go to the bath- room."

"Huh! Whenever we have a discussion you want the bathroom! You're just ashamed of the way you treat me and guiltya" Then, seeing him about to explode back at her, she switched abruptly, her voice crooningly gentle. "Poor Phillip! Poor boy! Why were you so angry? Who's hurt you?"

So he told her, and once he began the telling he felt better and his anguish and fear and fury started to melt away. Women are clever and cunning in these things, he told himself confidently, rushing on. He told her about opening John's safety deposit in the bank, about the letters to Linc Bartlett and about finding a duplicate key to his own safe in their bedroom. "I brought all the letters back," he said, almost in tears, "they're upstairs, you can read them for yourself. My own son! He's betrayed us!"

"My God, Phillip," she gasped, "if the tai-pan found out you and Father Chen-chen were keepinga if he knew he'd ruin us!"

"Yes, yes I know! That's why I've been so upset! By the rules of Dirk's legacy he has the right and the means. We'd be ruined. But but that's not all. John knew where our secret safe was in the garden an"

"Mat?"

"Yes, and he dug it up." He told her about the coin.

"Ayeeyah!" She stared at him in absolute shock, half her mind filled with terror, the other half with ecstasy, for now, whether John came back or not, he had destroyed himself. John would never inherit now! My Kevin's Number One Son now and future compradore to the Noble House! Then her fears drowned her excitement and she muttered, aghast, "If there's still a House of Chen."

"What? What did you say?"

"Nothing, never mind. Wait a moment, Phillip, let me think. Oh the rotten boy! How could John do this to us, we who have cherished him all his life! Youa you'd better go to the bank. Get 300,000 out in case you need to barter more. We must get John back at all costs. Would he keep the coin with him, on him, or would it be in his other safety deposit box?"

"It'd be in the box or hidden at his flat in Sinclair Towers."

Her face closed. "How can we search that place with her in residence? That wife of his? That strumpet Barbara! If she suspects we're after somethinga" Her mind caught a vagrant thread. "Phillip, does it mean, whoever presents the coin gets whatever they want?"

"Yes."

"Eeeeee! What power!"

"Yes."

Now her mind was working cleanly. "Phillip," she said, in control again, everything else forgotten, "we need all the help we can get. Phone your cousin Four Fingersa" He looked at her, startled, then began to smile. "a arrange with him to have some of his street fighters follow you secretly to protect you when you pay over the ransom, then to follow the Werewolf to his lair and to rescue John whatever the cost. Whatever you do don't tell him about the coin just that you want help to rescue poor John. That's it. We must get poor John back at all costs."

"Yes," he replied, much happier now. "Four Fingers is the perfect choice. He owes us a favor or two. I know where I can reach him this afternoon."

"Good. Off you go to the bank, but give me the key to the safe.

I'll cancel my hairdressing appointment and I'll read John's papers at once."

"Very good." He got up immediately. "The key's upstairs," he said, lying, and hurried out, not wanting her prying into the safe. There were a number of things there he did not want her to know about. I'd better hide them somewhere else, he thought uneasily, just in case. His euphoria evaporated and his overwhelming anxiety returned. Oh my poor son, he told himself near tears. Whatever possessed you? I was a good father to you and you'll always be my heir and I've loved you like I loved your mother. Poor Jennifer, poor little thing, dying birthing my first-born son. O all gods: let me get my poor son back again, safe again, whatever he's done, let us extract ourselves from all this madness, and I'll endow a new temple for all of you equally!

The safe was behind the brass bedstead. He pulled it away from the wall, opened the safe and took out all of John's papers, then his very private deeds, letters and promissory notes which he stuffed into his coat pocket and went downstairs again.

"Here are John's letters," he said. "I thought I'd save you the trouble of moving the bed."

She noticed the bulge in his coat pocket but said nothing.

"I'll be back by 5:30 P.M. sharp."

"Good. Drive carefully," she said absently, her whole being concentrated on a single problem how to get the coin for Kevin and herself. Secretly.

The phone rang. Phillip Chen stopped at the front door as she picked it up. "Weyyyy?" Her eyes glazed. "Oh hello, tai-pan, how're you today?" Phillip Chen blanched.

"Just fine thank you," Dunross said. "Is Phillip there?"

"Yes, yes just a minute." She could hear many voices behind Dunross's voice and she thought she heard an undercurrent of covered urgency which increased her dread. "Phillip, it's for you," she said, trying to keep the nervousness out of her voice. "The tai-pan!" She held up the phone, motioning him silently to keep the earpiece a little away from his ear so she could hear too.

"Yes, tai-pan?"

"Hello, Phillip. Whattre your plans this afternoon?"

"Nothing particular. I was just leaving to go to the bank, why?"

"Before you do that, drop by the exchange. The market's gone mad. The run on the Ho-Pak's Colony-wide now and the stock's teetering even though Richard's supporting it for all he's worth. Any moment it'll crash. The run's spilling over to lots of other banks, I hear the Ching Prosperity, even the Vica" Phillip Chen and his wife glanced at each other, perturbed. "I heard the Vic's got problems at Aberdeen and at Central. Everything's down, all our blue chips: the V and A, Kowloon Investments, Hong Kong Power Rothwell-Gornt, Asian Properties, H.K.L.F., Zong Securities Solomon Textiles, usa everyone."

"How many points are we oft?"

"From this morning? Three points."

Phillip Chen gasped and almost dropped the phone. "What?"

"Yes," Dunross agreed pleasantly. "Someone's started rumors about us. It's all over the market that we're in trouble, that we can't pay Toda Shipping next week nor the Orlin installment. I think now we're being sold short."

31 - 2:45 P.M.:.

Gornt was sitting beside his stockbroker, Joseph Stern, in the exchange watching the big board delightedly. It was warm and very humid in the large room that was packed and noisy, phones ringing, sweating brokers, Chinese clerks and runners. Normally the exchange was calm and leisurely. Today it was not. Everyone was tense and concentrating. And uneasy. Many had their coats off.

Gornt's own stock was off a point but that did not bother him a bit. Struan's was down 3.50 now and Ho-Pak tottering. Time's running out for Struan's, he thought, everything's primed, every- thing's begun. Bartlett's money had been put into his Swiss bank within the hour, no strings just 2 million transferred from an unknown account into his. Seven phone calls began the rumors. Another call to Japan confirmed the accuracy of the Struan pay- ment dates. Yes, he thought, the attack's begun.

His attention went to the Ho-Pak listing on the board as some more sell offerings were written up by a broker. There were no immediate buyers.

Since he had secretly started selling Ho-Pak short on Monday just before the market closed at three o'clock long before the run had started in earnest he was millions ahead. On Monday the stock had sold at 28.60, and now, even with all the support Richard Kwang was giving it, it was down to 24.30 off more points than the stock had moved ever since the bank was formed eleven years ago.

.30 times 500,000 makes 2,150,000, Gornt was thinking happily, all in honest-to-God HK currency if I wanted to buy back in right now which isn't bad for forty-eight hours of labor. But I won't buy back in yet, oh dear no. Not yet. I'm sure now that the stock will crash, if not today, tomorrow, Thursday. If not then, Friday Monday at the latest, for no bank in the world can sustain such a run. Then, when the crash comes I'll buy back in at a few cents on the dollar and make twenty times half a million.

"Sell 200,000," he said, beginning to sell short openly now the other shares hidden carefully among his secret nominees.

"Good God, Mr. Gornt," his stockbroker gasped. "The HoPak'll have to put up almost 5 million to cover. That'll rock the whole market."

"Yes," he said jovially.

"We'll have a hell of a time borrowing the stock."

"Then do it."

Reluctantly his stockbroker began to leave but one of the phones rang. "Yes? Oh hello, Daytime Chang," he said in passable Cantonese. "What can I do for you?"

"I hope you can save all my money, Honorable Middleman. What is Noble House selling for?"

"25.30.".

There was a screech of dismay. "Woe woe woe, there's barely half a dog-bone hour of trading left, woe woe woe! Please sell! Please sell all Noble House companies at once, Noble House, Good Luck Properties and Golden Ferry, alsoa what's Second Great Company selling at?"

"23.30.".

"Ayeeyah, one point off from this morning? All gods bear witness to foul joss! Sell. Please to sell everything at once!"

"But Daytime Chang, the market's really quite sound an"

"At once! Haven't you heard the rumors? Noble House will crash! Eeeee, sell, waste not a minute! Hold a moment, my associate Fungtat wants to talk to you too."

"Yes, Third Toiletmaid Fung?"

"Just like Daytime Chang, Honorable Middleman! Sell! Before I'm lost! Sell and call us back with prices oh oh oh! Please hurry!"

He put the phone down. This was the fifth panic call he had had from old customers and he did not like it at all. Stupid to panic, he thought, checking his stock book. Between the two of them, Daytime Chang and Third Toiletmaid Fung had invested over 40,000 HK in various stocks. If he sold now they would be ahead, well ahead, but for the Struan losses today which would shave off most of their profit.

Joseph Stern was head of the firm of Stern and Jones that had been in Hong Kong for fifty years. They had become stockbrokers only since the war. Before that they were moneylenders, dealers in foreign exchange and ship's chandlers. He was a small, dark-haired man, mostly bald, in his sixties, and many people thought he had Chinese blood in him a few generations back.

He walked to the front of the board and stopped beside the column that listed Golden Ferry. He wrote down the combined Chang and Fung holdings in the sell column. It was a minor offering.

"I'll buy at 30 cents off listing," a broker said.

"There's no run on Golden Ferry," he said sharply.

"No, but it's a Struan company. Yes or no?"

"You know very well Golden Ferry's profits are up this quarter."