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“Always cash in when you’re ahead, Adrian. I thought I’d taught you that.”

“We wouldn’t have needed to,” said Sloane, clearly chastened by the barb, “if that stupid Nigerian bitch had kept her mouth shut. We could be running the bank now. Still, I’ll get the bastard next time.”

“There isn’t going to be a next time,” said Mellor, “unless it’s a hundred percent foolproof.”

“It’s better than foolproof,” retorted Sloane. “This time he’ll be done for insider trading and lose his banking license.”

“Bishara would never involve himself in anything that irresponsible.”

“But one of his dealers might. Someone who used to work for me when I was chairman of Farthings.”

“What have you got on him?”

“He has a gambling problem. If you could be paid out for backing the last horse in every race, he’d be a millionaire. Unfortunately his bookies are putting pressure on him to settle his account.”

“So what? The moment Bishara finds out, he’ll sack the man, and no one will believe for a minute that he was involved.”

“It would be hard for Bishara to deny his involvement if we had the whole conversation on tape.”

“How’s that possible?” barked Mellor.

“Bishara is constantly on the phone to the dealing room from wherever he is in the world, and it’s amazing what a skilful electrical engineer can do with the help of the latest equipment. Just listen to these four tapes.” There was a moment’s pause, before Mellor heard a click and then the words, Don’t buy Amalgamated Wire, because we’re currently in negotiations with them, and that would be insider trading.

“And now a second,” said Sloane. Another pause. Buy your secretary something special, Gavin. She’s served the bank well over the years. Charge it to me, but don’t let anyone know I authorized it.

“And a third: You’ve had an excellent year, Gavin, keep up the good work, and I’m sure it will be reflected in your annual bonus.” An even longer silence followed, when Mellor began to wonder if he’d been cut off.

“Now, after a professional cut-and-paste job,” said Sloane, “it sounds like this: Buy Amalgamated Wire, but don’t let anyone know I authorized it, because that would be insider trading. Keep up the good work, Gavin, and I’m sure it will be reflected in your annual bonus.”

“That’s good,” said Mellor. “But what happens if the other tapes are discovered?”

“Unlike Richard Nixon, I’ll personally destroy them.”

“But your contact could once again be the weak link in the chain.”

“Not this time. The people Gavin deals with don’t take kindly to punters who fail to pay their gambling debts. They’ve already threatened to break his legs.”

“But what’s to stop him changing his mind once we’ve paid them off?”

“I won’t be handing over any money until he’s delivered the tape to the Bank of England, along with an It’s with considerable regret that I have to inform you … letter.”

“How much is it going to cost me?”

“Just over a thousand pounds.”

“And there’s no chance of anyone knowing I’m involved?”

“Was there last time?” said Sloane.

“No, but there’s more at stake this time.”

“What do you mean?”

“Strictly entre nous, Adrian, there’s just a possibility that I might be in the New Year’s honors list.” He hesitated. “A knighthood.”

“Many congratulations,” said Sloane. “I have a feeling the Bank of England would approve of Sir Desmond Mellor taking over as chairman of Farthings.”

“When will your man deliver the tape to the Bank of England?”

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