‘He’s doing it again,’ Rissarh growled.

‘We’re supposed to be beating him up right now,’ Hejun added. ‘Look what he’s done. Shand, less than a bell ago you were saying-’

‘Be quiet about what I was saying,’ Shand cut in. ‘Direct involvement, you said, Tehol. Finally. It’s about time, and no games, you slippery bastard. Talk to save your life.’

‘Of course,’ Tehol said, smiling. ‘Please, make yourselves comfortable-’

‘We’re comfortable enough. Talk.’

‘Well, you don’t look comfortable-’

‘Tehol.’

‘As you like. Now, I’m going to give you a list of names, which you will have to memorize. Horul Esterrict, of Cargo Olives. Mirrik the Blunt, eldest of the Blunts, owner of Blunt’s Letherii Steel and Blunt Weaponry. Stoople Rott, the grain magnate of Fort Shake. His brother, Puryst, the ale brewer. Erudinaas, queen of the rustleaf plantations at Dissent. The financiers, Bruck Stiffen, Horul Rinnesict, Grate Chizev of Letheras, Hepar the Pleaser, of Trate. Debt-holders Druz Thennict, Pralit Peff, Barrakta Ilk, Uster Taran, Lystry Maullict, all of Letheras. Tharav the Hidden, of room eleven, Chobor’s Manse on Seal Street, Trate. Got those?’

Shand was glassy-eyed. ‘There’s more?’

‘A dozen or so.’

‘You want them killed?’ Hejun asked.

‘Errant no! I want you to begin purchasing shares in their enterprises. Under a variety of names, of course. Strive for forty-nine per cent. Once there, we’ll be poised to force a coup. The goal, of course, is controlling interest, but to gain that will only be achieved with sudden ambush, and for that the timing has to be perfect. In any case, once you have done all that – the purchasing, that is – make no further move, just get back to me.’

‘And how are we going to afford all that?’ Shand demanded.

‘Oh,’ Tehol waved a hand, ‘we’re flush. The coin I invested for you is making a sizeable return. Time’s come to make use of it.’

‘How much of a return?’

‘More than enough-’

‘How much?’

‘Well, I haven’t actually counted it-’

Bugg spoke. ‘About a peak.’

‘Errant’s blessing!’ Shand stared at Tehol. ‘But I haven’t seen you do a thing!’

‘If you had, Shand, then I wouldn’t have been careful enough. Now, best we start with just the names I’ve given you. The next list can come later. Now, I have meetings scheduled this night-’

‘What kind of meetings?’

‘Oh, this and that. Now, please, I beg you – no more charging in through my front door. It’s bound to get noticed sooner or later, and that could be bad.’

‘What have you two been eating?’ Rissarh suddenly asked, her nose wrinkling.

‘This and that,’ Bugg replied.

‘Come on,’ Shand said to her companions, ‘let’s go home. Maybe Ublala will turn up.’

‘I’m sure he will,’ Tehol said, smiling as he escorted the three women to the doorway. ‘Now, get some sleep. You’ve busy times ahead.’

Hejun half turned. ‘Cargo Olives – Horul who?’

Shand reached out and dragged Hejun into the alley.

Still smiling, Tehol adjusted the curtain until it once more covered the entrance. Then he spun round. ‘That went well.’

‘Rissarh had a knife,’ Bugg said, ‘tucked up along her wrist.’

‘She did? Tucked up?’

‘Yes, master.’

Tehol walked to the ladder. ‘I trust you had your own knives close to hand.’

‘I don’t have any knives.’

Tehol paused, one hand on the nearest rung. ‘What? Well, where are all our weapons?’

‘We don’t have any weapons, master.’

‘None? Did we ever?’

‘No. Some wooden spoons…’

‘And are you adept with them?’

‘Very.’

‘Well, that’s all right, then. You coming?’

‘In a moment, master.’

‘Right, and be sure to clean up. This place is a dreadful mess.’

‘If I find the time.’

Ublala Pung was lying face-down on the roof, near the bed.

‘Ublala,’ Tehol said, approaching, ‘is something wrong?’

‘No.’ The word was muffled.

‘What are you doing down there?’

‘Nothing.’

‘Well, we’re about to have a guest who wants to meet you.’

‘That’s fine.’

‘It might be worth your while to endeavour to make a good impression,’ Tehol said.

‘All right.’

‘That might prove a little difficult, Ublala, with you lying there like that. When I first came up, I admit to thinking that you were dead.’ He paused, then, considering, and brightened. ‘Mind you, that might be a good thing-’

A scuff of boots to one side, then Shurq Elalle stepped from the shadows. ‘Is this him?’

‘You’re early,’ Tehol said.

‘I am? Oh. Well, are you waiting for a necromancer to animate him or something?’

‘I would be, were he dead. Ublala, if you will, stand up. I would like to introduce you to Shurq Elalle-’

‘Is she the dead one?’ he asked, not yet moving. ‘The thief who drowned?’

‘Already you’re holding something against me,’ Shurq replied, her tone despondent.

‘We haven’t got to that yet,’ Tehol said. ‘Ublala, get up. Shurq has needs. You can meet them, and in return you get Shand, Rissarh and Hejun to leave off-

‘Why would they?’ Ublala demanded.

‘Because Shurq will tell them to.’

‘I will?’

‘Look,’ Tehol said, exasperated, ‘neither of you are co-operating here. On your feet, Ublala.’

‘That won’t be necessary,’ Shurq cut in. ‘Just roll him over.’

‘Oh, fine, that’s very nice. Crass, but nice.’ Tehol crouched down alongside Ublala, pushed his hands beneath the huge man, then lifted. Tehol’s feet skidded. He grunted, gasped, heaved again and again, to little effect.

‘Stop it,’ Shurq said in a strange voice. ‘You’re going to make me laugh. And laughing right now would be expensive.’

Sprawled across Ublala, Tehol stared up at her. ‘Expensive?’

‘All those spices, of course. Tell me, Ublala, what did you see when you walked across the bottom of the canal?’

‘Mud.’

‘What else?’

‘Junk.’

‘What else? What were you walking on?’

‘Bodies. Bones. Crayfish, crabs. Old nets. Broken pots, furniture-’

‘Furniture?’ Tehol asked. ‘Serviceable furniture?’

‘Well, there was a chair. But I didn’t sit in it.’

‘Bodies,’ Shurq said. ‘Yes. Lots of bodies. How deep was the canal originally?’

Bugg had arrived, and with this question Tehol looked over at his manservant. ‘Well? You must know, being an engineer and all that.’

‘But I’m only pretending to be an engineer,’ Bugg pointed out.

‘So pretend to know the answer to Shurq’s question!’

‘It was said seven tall men could stand, foot to shoulder, and the last would be able to reach up with his hands and find the surface. Used to be big trader ships could make their way the entire length.’

‘I wasn’t far from the surface,’ Ublala said, rolling over, unmindful of Tehol who yelped as he was tumbled to one side with a thump. ‘I could almost reach,’ he added as he stood, brushing himself off.

‘That’s a lot of rubbish,’ Bugg commented.

‘I’m not lying,’ Ublala said.

‘I didn’t say you were,’ Bugg said.

‘So,’ Shurq asked, ‘who is killing all those people?’

‘Never mind all that,’ Tehol said as he clambered to his feet. ‘Shurq Elalle, permit me to introduce Ublala Pung. The canal walk is very lovely at night, yes? Not in it, I mean. Alongside it, just for a change. Perfect for a promenade-’

‘I intend to rob Gerun Eberict’s estate,’ Shurq said to Ublala. ‘But there are outlying watchers that need taking care of. Can you create a diversion, Ublala Pung?’

The huge man scratched his jaw. ‘I don’t know. I got nothing against them-’

‘They don’t like you.’

‘They don’t? Why?’

‘No reason. They just don’t.’

‘Then I don’t like them either.’

‘So you say, but I haven’t seen any proof.’

‘You want proof? Good. Let’s go.’

Shurq hooked one arm in Ublala’s and led him towards the far edge of the roof. ‘We have to jump to that other roof,’ she said. ‘I don’t think you can do it, Ublala. Not quietly, anyway.’