LITMIR.BIZ

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the graveyard to the porched entrance of the Dauncey parish church, which dated from the twelfth century.

      It was very beautiful, with an arched ceiling and, the rain having stopped, a wonderful light coming in through the stained glass windows and falling across the pews and the marble gravestones and carved figures that were the memorials of the Dauncey family across the centuries.

      Their peerage was a Scottish one. Sir Paul Dauncey it had been until the death of Queen Elizabeth, and then when King James VI of Scotland became James I of England, his good friend Sir Paul Dauncey was one of those who galloped from London to Edinburgh to tell him. James I had made him Earl of Loch Dhu – the black loch or the place of dark waters – in the Western Highlands. As it usually rained six days out of seven, though, the Daunceys had understandably remained at Dauncey Place, leaving only a small, broken-down castle and estate at Loch Dhu.

      The one signal difference between Scottish and English peerages was that the Scottish title did not die with the male heirs. If there were none, it could be passed through the female line. Thus, when the Earl died, his mother would become Countess. He himself would receive the courtesy title of Viscount Dauncey, the other boys would be Honourables and young Kate would become Lady Kate. And one day, Paul, too, would be Earl of Loch Dhu.

      Their footsteps echoed as they walked along the aisle. Paul paused beside a lovely piece of carving, a knight in armour and his lady. ‘I think he would have been pleased today, don’t you?’ He recited part of the family catechism, familiar to all of them: ‘Sir Paul Dauncey, who fought for Richard III at the Battle of Bosworth Field, then cut his way out and escaped to France.’

      ‘And later, Henry Tudor allowed him back,’ young Kate said. ‘And restored his estates.’

      ‘Which inspired our family motto,’ Michael added. ‘I always return.’

      ‘And always have.’ Paul pulled Kate close and put his arm about his brothers. ‘Always together. We are Rashid, and we are Dauncey. Always together.’

      He hugged them fiercely and Kate cried a little and held him tight.

      After Sandhurst, Paul was commissioned into the Grenadier Guards, did a tour in Ireland and then in ninety-one was pulled into the Gulf War by the SAS.

      This was ironic, because his father was an Omani general, a friend of Saddam Hussein’s, who had been seconded to the Iraqi Army for training purposes and found himself caught up in the war as well, on the other side. No one questioned Paul’s loyalty, however. For the SAS behind the Iraqi lines, Paul Rashid was a priceless asset, and when the war ended, he was decorated. His father, however, died in action.

      For his part, Paul accepted the situation. ‘Father was a soldier and he took a soldier’s risks,’ he told his two brothers and sister. ‘I am a soldier and do the same.’

      Michael and George also went to Sandhurst. Afterwards, Michael went to Harvard Business School and George into the Parachute Regiment, where he did his own tour in Ireland. One year was enough, however. He left the army and joined a course in estate management.

      As for young Kate, after St Paul’s Girls’ School she went to St Hugh’s College, Oxford, then moved into her wild period, carving her way through London society like a tornado.

      When the Earl died in 1993, it was totally unexpected, the kind of heart attack that strikes without warning and kills in seconds. Lady Kate was now the Countess of Loch Dhu, and they laid the old man to rest in the family mausoleum in Dauncey churchyard. The entire village turned up and many outsiders, people Paul had never met.

      In the Great Hall at Dauncey Place where the reception was held, Paul went in search of his mother and found one such person leaning over her, a man in his late middle age. Paul stood close by as his mother glanced up.

      ‘Paul, dear, I’d like you to meet one of my oldest friends, Brigadier Charles Ferguson.’

      Ferguson took his hand. ‘I know all about you. I’m Grenadier Guards myself. That job you did behind Iraqi lines with Colonel Tony Villiers was fantastic. A Military Cross wasn’t enough.’

      ‘You know Colonel Villiers?’ Paul asked.

      ‘We go back a long way.’

      ‘You seem to know a lot, Brigadier. That SAS operation was classified.’

      His mother said, ‘Charles and your grandfather soldiered together. Funny places. Aden, the Oman, Borneo, Malaya. Now he runs a special intelligence outfit for the Prime Minister.’

      ‘Kate, you shouldn’t say that,’ Ferguson told her.

      ‘Nonsense,’ she said. ‘Everyone who is anyone knows.’ She took his hand. ‘He saved your grandfather’s life in Borneo.’

      ‘He saved mine twice.’ Ferguson kissed her on the forehead, then turned to Paul. ‘If there’s anything I can do for you, here’s my card.’

      Paul Rashid held his hand firmly. ‘You never know, Brigadier. I may take you up on that some day.’

      Being the eldest, Paul was selected to go to London to consult with the family lawyer about the late Earl’s will, and when he returned late in the evening he found the family seated by the fire in the Great Hall. They all looked up expectantly.

      ‘So what happened?’ Michael asked.

      ‘Ah, as you are the one who’s been to Harvard Business School, you mean how much?’ He leaned down and kissed his mother on the cheek. ‘Mother, as usual, has been very naughty and did not prepare me.’

      ‘For what?’ Michael asked.

      ‘The extent of grandfather’s position. I never knew that he owned large portions of Mayfair. About half of Park Lane, for starters.’

      George whispered, ‘What are we talking about?’

      ‘Three hundred and fifty million.’

      There was a gasp from his sister. His mother simply smiled.

      ‘And it gives me an idea,’ Paul said. ‘A way to put this money to good use.’

      ‘What are you suggesting?’ Michael asked.

      ‘I did Irish time after Sandhurst,’ Paul said. ‘Then the Gulf with the SAS. My right shoulder still aches on a bad day from the Armalite bullet that drove through it. You did Sandhurst, Michael, and Harvard Business School; George a year in Ireland with One Para. Kate has yet to make her bones, but I think we can count on her.’

      Michael said, ‘You still haven’t told us your idea.’

      ‘It’s this. It’s time we banded together, made ourselves a family business, a force to be reckoned with. Who are we? We are Dauncey – and we are also Rashid. Nobody has more influence in the Gulf than we do, and what does the world want most from the Gulf right now? Oil. The Americans and Russians in particular have been nosing around the Gulf for months, trying to buy up exploration leases. But to get to that oil, they have to acquire the goodwill of the Bedu. And to get to the Bedu, they have to get through us. They must come to us, my family.’

      George said, ‘What are we talking about here?’

      Their mother laughed. ‘I think I know.’

      Paul said, ‘Tell them.’

      ‘Two billion?’

      ‘Three,’ he said. ‘Sterling, of course, not dollars.’ He picked up a bottle of champagne. ‘I am, after all, a very British Arab.’

      With shrewd investment and the muscle of the Bedu behind them, the Rashids pushed the development of new oilfields north of the Dhofar. Money poured in, unbelievable amounts. The Americans and Russians did indeed have to deal with them, albeit unwillingly, and the Rashids helped Iraq restore its oil industry as well.

      The first billion was realized in three years, the second in two, and they were well on their way to the third. George and Michael were named joint managing

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