to expand in any substantial way youâd need vastly more than that.â
âIâve no doubt.â
âA million at least â and that just to begin.â
She waved the cigarette smoke away from her face as if it displeased her.
âYou would have to say all this to John.â
âIf heâll take it from me. After all heâs twice my age and Iâm the intrusive new boy.â
âWe would both have to consider your intrusiveness.â
What was the use, I thought? Why not get out at this stage? But she still interested me.
âWell, if you want me to look at it more closely Iâll have a shot. Of course the best way of raising the money would be to go public.â
âI donât think John would ever consider that. It might lead to a takeover.â
Sometimes this morning she seemed to be bringing in the name John deliberately. In the short time Iâd been around Iâd come to the conclusion that he didnât count for a lot when it came to major decisions made by the firm. Perhaps she was paying me out for my flippances.
âIt wouldnât lead to a takeover,â I said, â if you kept sixty per cent of the shares.â
âAh, well, I prefer to borrow from the bank, David.â
I shrugged. âYou wanted my views â¦â
She said: âThe more you borrow from a bank, the more concerned they become for your welfare. It is one of the paradoxical facts of financial life.â Her lips moved in a brief smile. âI have no doubt I could get finances if we decided to proceed. My reputation over eight years. And the name of Shona.â
âOh, theyâd welcome a sound investment, sure enough. But in the one case youâd be paying a hundred thousand pounds a year for the use of their money. In the other the new shareholders would pay you enough to expand free of any cost except only, say, a third share in your declared profits.â
âWhere did you learn all this, David, in your young life? I do not think it can have been so dissolute after all.â
âYou forget that I have a stepfather who is a lawyer.â
âAnd you learned this from him?â
âProbably not.â
âNo, probably not. It is not that sort of knowledge that a boy usually gets from his stepfather. Let me see, how old were you when your own father died?â
âEleven.â
âAnd your mother remarried soon after?â
âThe following year.â
âAh, so. I wonder if that explains anything?â
âWhat is it supposed to explain?â I said.
âI mean, that a fatherless boy is sometimes like a ship without a rudder ⦠Perhaps ideally all fathers should die when their children are about twenty-five. By then the ship is launched and has taken its true course. After that you do not want two hands at the helm â¦â
âBut I thought you said you had a father still alive.â
âIndeed, yes. And I would not be without him. There are exceptions to the rule. Had he died when I was eleven â¦â
âYou might have turned out the same sort of irresponsible miscreant that I am.â
âWho knows? But we have wandered from the subject, have we not?â She put out her cigarette, which had only been to her lips twice. âI still have doubts as to the future of Shona, particularly in the small hours. For a huge expansion ⦠There are still not enough people of taste in the world.â
âHelena Rubinstein would have taken you up on that.â
âOh, I know. She created her own market. As others have.â
âYou have to educate people,â I said. âPrecious few can really judge for themselves what is absolutely the top, in anything. They get persuaded to want it. Thatâs not so difficult.â I stopped. âBut look, itâs up to you, isnât it? Youâre riding high as you are and nobody is going to push you into this unless you really