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'Where will they be going?' a blacksmith's wife asked of nobody in particular as the carriage clattered down the hill.

A housewife next to her – one of those people who always know the answer to every such question, replied with smug certainty.

'I've heard that, deep in the woods, there's a special love-nest been built for them. A bower of flowers and precious materials where they'll spend the night.' Her imagination aided by her own statement, she then added authoritatively, 'What's more, there are specially trained songbirds in the trees and pure white deer will be grazing in the clearing for my lady's enjoyment.'

The actual facts were more mundane. The carriage would stop at the little cabin just at the fringe of the forest, where Halt and Pauline would wait until the crowd had dispersed. Then they would board another, less ornate, carriage drawn by two nondescript bays and return to the castle, where Arald had set aside a suite of rooms as their permanent residence.

So here they all were, discussing the remarkable turn of events that Svengal had brought to their door.

'Erak's popular with the majority,' Will told the King, in answer to his question. 'But there's a small faction in Hallasholm who would like to see him lose his position. Small, but vocal and persistent.'

'I assume our treaty has something to do with this?' Crowley asked. When Halt had led the Skandians to victory over an invading Temujai force, he had capitalised on the situation to create a treaty where large-scale raids on Araluen were discouraged by the Oberjarl. In Erak's case, 'discouraged' translated pretty much as 'forbidden'.

'It doesn't help, that's for sure,' Will said. 'And the anti-Erak faction are using it as a lever to create dissension among the others. But it goes deeper than that.'

'If there's an anti-Erak faction,' Lady Pauline said, 'one assumes that they must also have their own leader in mind. Who might that be? Do we know?'

'We do,' Will told the room. Although he and Horace had both been privy to Svengal's news, they had decided that Will would conduct the briefing for the others. It was part of a Ranger's training to know how to assemble and report facts as cohesively as possible. 'It's a man called Toshak, a crony of Slagor's.'

His eyes met Cassandra's as he said the name and he saw understanding dawning there. Slagor had tried to have Cassandra executed when she and Will had been among the Skandians. Later, she had discovered his part in a plot to betray the Skandian forces to the Temujai.

Alyss saw the byplay between Will and the blonde Princess. Her lips tightened slightly but, trained diplomat that she was, she swiftly composed her features before anyone noticed.

'Slagor?' the King said. 'But surely he's dead? Erak had him executed for treason at the end of the war, didn't he?'

I tried to convince him not to,' Cassandra put in. I thought it was a bad idea and I felt… responsible, I suppose.'

The King shook his head. 'No. It's unpleasant, my dear, but it had to be done. Slagor betrayed his country in time of war. You can't leave people like that unpunished. He deserved what he got and you have nothing to blame yourself for.'

'The Princess has a point, however,' Halt said. And as the others looked at him, he went on to explain, 'Executing a criminal often makes a martyr of him. Once he's dead and gone, people all too often forget the crimes he's committed and start to see a more sanitised version. A person like that starts to be seen as a victim, then as a figurehead for anyone who has an axe to grind. No pun intended,' he added, remembering that Slagor had been beheaded. Will nodded in agreement. 'That's pretty much the way Erak sees it, according to Svengal. Toshak, the leader of a rebel clique, doesn't give a fig about Slagor's fate. He's using him as a symbol to further his own purpose. Which is to take over as Oberjarl.'

The King nodded slowly. It made sense. 'Which is why Erak doesn't want Svengal going back to Skandia with the news that he's been captured – and that it'll cost the Skandians eighty thousand reels to get him back. It might be quicker and cheaper just to elect a new Oberjarl.'

Sir Rodney had listened to the conversation so far without speaking. Now he frowned thoughtfully and posed a question.

'Given that there may be people who want Erak out of the way, that's still no proof that they were involved in his capture, is it?' he asked. 'After all, that might just have been good luck on the part of the Arridi.'

Will nodded. 'That could be right, Sir Rodney. But there's more to it. The Skandian raiding fleet meets before any raiding season and assigns territories by lot. So the other captains – and Toshak was one of them – knew Erak's ship would be raiding that part of the coast.'

'Still,' Crowley said, 'Rodney has a good point. It could have been simple luck on the Arridi's part that allowed them to ambush Erak. They could have heard a wolfship was in the area and set up the trap – arranging to sell him the false timetable. There's no hard evidence that Toshak was involved.'

'Except for one thing,' Horace put in. He felt Will was being besieged on all sides and might need a little help. 'They weren't just waiting for any wolfship. They knew it was Erak who was coming and they knew he was the Oberjarl. Only a Skandian could have told them that.'

Rodney and Crowley both nodded thoughtfully, seeing the logic in the argument. Cassandra was watching her father anxiously. She felt they were getting off the real point.

'We'll lend Erak the money, won't we, Dad?' she said. Her father looked up at her. He was inclined to do so, but he hadn't totally made up his mind. Eighty thousand was a lot of money. Not a crippling amount, admittedly. But it wasn't a sum you would just throw away.

'I'm sure Erak is good for the money, your majesty,' Halt said. He had already decided that, in the unlikely event that Duncan wouldn't agree to the loan, he would go and shake Erak free of the clutches of the Arridi tribesmen.

'Yes, yes,' Duncan said, still considering. 'And the actual amount is sure to be less. The Arridi would be insulted if we didn't haggle a little.'

'I owe Erak my life, Father,' Cassandra said quietly, but firmly. The use of the word 'father' alerted Duncan to the fact that she was beginning to think he might be reluctant to help Erak. Before he could say anything, she continued.

'Not just when he helped Will and me to escape. But later, when Slagor exposed my true identity and tried to have me killed, Erak was ready to get me away then.'

Duncan raised a hand to calm her down. He could hear her voice rising in pitch and he didn't want a confrontation with so many people present.

'Cassie, I fully intend to pay the ransom. It's the mechanics of the whole thing that are a little difficult.' He could see that this statement satisfied his daughter, but she looked puzzled, so he went on. 'For a start, I'm not putting eighty thousand reels – or whatever the final amount might be – on a wolfship and waving goodbye as it sails off for Arrida. There's too great a chance that it could be lost… storms, shipwrecks, pirates. It's too risky.'

Lord Anthony coughed apologetically. 'There's always the Silasian Council, your majesty,' he said, and Duncan nodded in his direction.

'That's what I was thinking, Anthony.'

The Silasian Council was a cartel that traded in currencies, rather than in goods. They provided a means by which countries could exchange funds without the risk of dispatching actual cash or bullion on long perilous journeys. Countries deposited money with the Silasians, who paid interest to the depositor. They also undertook to deliver any amounts that might require transfer – either in fact or as deposits from one country's account to another. The council took a percentage of each transaction as its fee and guaranteed safe passage of funds as part of its service. The risk of loss during transfers was more than covered by their fee.