The last chapter is a flashback to Valletta when Stencil, Sr. was still alive. After World War I he is sent to Malta to observe the various crises going on involving the natives and their desire for independence. He is implored by Maijstral's wife (who is pregnant with Fausto) to relieve him of his duties as a double agent because she fears for his life. Stencil, Sr. meets Veronica Manganese or V and implicitly has sex with her (she is now largely made up of artificial limbs). It is revealed they had trysted in Florence after the riots. He finds out that Maijstral is having an affair with her as well.