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As he looked up again the banners of the Republic and the Company broke out at the Dutchman's mastheads. Only a trifle tardily she was acknowledging his salute.

"She accepts us," Ned grunted, as he held the Lady Edwina stolidly on course. "She likes our sheep's clothing." "Perhaps!" Sir Francis replied. "And yet she cracks on more sail." As they watched, the galleon's royals and topgallants bloomed against the morning sky.

"There!" he exclaimed a moment later. "She is altering course, sheering away from us. The Dutchman is a cautious fellow."

"Satan's teeth! just sniff herV Ned whispered, almost to himself, as a trace of spices scented the air. "Sweet as a virgin, and twice as beautiful."

"It's the richest smell you'll ever have in your nostrils." Sir Francis spoke loudly enough for the men on the deck below to hear him. "There lies fifty pounds a head in prize money if you have the notion to fight for it." Fifty pounds was ten years of an English workman's wages, and the men stiffed and growled like hunting hounds on the leash.

Sir Francis went forward to the poop rail and lifted his chin to call softly up to the men in the rigging, "Make believe that those cheese-heads over there are your brothers. Give them a cheer and a brave welcome."

The men aloft howled with glee, and waved their bonnets at the tall ship as the Lady Edwina edged in under her stern. atinka van de Velde sat up and frowned at Zelda, her old nurse. "Why have you woken me so early?" she demanded petulantly, and tossed the tumble of golden curls back from her face. Even so freshly aroused from sleep, it was rosy and angelic. Her eyes were of a startling violet colour, like the lustrous wings of a tropical butterfly.

"There is another ship near us. Another Company ship. The first we have seen in all these terrible stormy weeks. I had begun to think there was not another Christian soul left in all the world," Zelda whined. "You are always complaining of boredom. It might divert you for a while."

Zelda was pale and wan. Her cheeks, once fat, smooth and greased with good living, were sunken. Her great belly was gone, and hung in folds of loose skin almost to her knees. Katinka could see it through the thin stuff of her nightgown.

She has puked away all her fat and half her flesh, Katinka thought, with a twinge of disgust. Zelda had been prostrated by the cyclones that had assailed the Standvastigheid and battered her mercilessly ever since they had left the Trincomalee coast.

Katinka threw back the satin bedclothes and swung her long legs over the edge of the gilded bunk. This cabin had been especially furnished and redecorated to accommodate her, a daughter of one of the omnipotent Zeventien, the seventeen directors of the Company. The decor was all gilt and velvet, silken cushions and silver vessels. A portrait of Katinka by the fashionable Amsterdam artist Pieter de Hoogh hung on the bulkhead opposite her bed, a wedding present from her doting father. The artist had captured her lascivious turn of head. He must have scoured his paint pots to reproduce so faithfully the wondrous colour of her eyes and their expression, which was at once both innocent and corrupt.

"Do not wake my husband," she cautioned the old woman as she flung a gold-brocade wrap over her shoulders and tied the jewelled belt around her hourglass waist. Zelda's eyelid drooped in conspiratorial agreement. At Katinka's insistence the Governor slept in the smaller, less grand cabin beyond the door that was locked from her side. Her excuse was that he snored abominably, and that she was indisposed by the mal-de-mer. In truth, caged in her quarters all these weeks, she was restless and bored, bursting with youthful energy and aflame with desires that the fat old man could never extinguish.

She took Zelda's hand and stepped out onto the narrow stern gallery. This was a private balcony, ornately carved with cherubs and angels, looking out over the ship's wake and hidden from the vulgar eyes of the crew.

It was a morning dazzling with sunlit magic, and as she filled her lungs with the salt tang of the sea she felt every nerve and muscle of her body quiver with the impetus of life. The wind kicked creamy feathers from the tops of the long blue swells, and played with her golden curls. It ruffled the silk over her breasts and belly with the caress of a lover's fingers. She stretched and arched her back sensuously like a sleek, golden cat.

Then she saw the other ship. It was much smaller than the galleon but with pleasing lines. The pretty flags and pennants that streamed from her masts contrasted with the pile of her white sails. She was close enough for Katinka to make out the figures of the few men that manned her rigging. They were waving a greeting, and she could see that some were young and clad only in short petticoats.

She leaned over the rail and stared across. Her husband had commanded that the crew of the galleon observe a strict dress code while she was aboard, so the figures on this strange ship fascinated her. She folded her arms over her bosom and squeezed her breasts together, feeling her nipples harden and engorge. She wanted a man. She burned for a man, any man, just as long as he was young and hard and raging for her. A man like those she had known in Amsterdam before her father had discovered her taste for strong game and sent her out to the Indies, to a safe old husband who had a high position in the Company and even higher prospects. His choice had been Petrus Jacobus van de Velde who, now that he was married to Katinka, was assured of the next vacancy on the Company's board, where he would join the pantheon of the Zeventien.

"Come inside, Lieveling." Zelda tugged at her sleeve. "Those ruffians over there are staring at you."

Katinka. shrugged off Zelda's hand, but it was true. They had recognized her as a female. Even at this distance their excitement was almost palpable. Their antics had become frenzied and one strapping figure in the bows took a double handful of his own crotch and thrust his hips towards her in a rhythmic and obscene gesture.

"Revolting! Come insideV Zelda insisted. "The Governor will be furious if he sees what that animal is doing."

"He should be furious that he cannot perform as nimbly," Katinka replied angelically. She pressed her thighs tightly together the better to savour the sudden moist warmth at their juncture. The caravel was much closer now, and she could see that what the seaman was offering her was bulky enough to overflow his cupped hands. The tip of her pink tongue dabbed at her pouting lips.

"Please, mistress."

"In a while," Katinka demurred. "You were right, Zelda.

This does amuse me. "She raised one white hand and waved back at the other ship. Instantly the men redoubled their efforts to hold her attention.

"This is so undignified," Zelda moaned.

"But it's fun. We'll never see those creatures again, and being always dignified is so dull." She leaned further out over the rail and let the front of her gown bulge open.