“We certainly have discovered some rare works of art,” replied Lady Molly, “have we not, Mary? Now the two Englehearts we bought at Budapest are undoubtedly quite unique.”

“Engleheart—and at Budapest!” remarked Sir Anthony. “I thought I knew the collections at most of the great Continental cities, but I certainly have no recollection of such treasures in the Hungarian capital.”

“Oh, they were only purchased two years ago, and have only been shown to the public recently,” remarked Lady Molly. “There was originally a set of eight, so the comptroller, Mr. Pulszky, informed me. He bought them from an English collector whose name I have now forgotten, and he is very proud of them, but they cost the country a great deal more money than it could afford, and in order somewhat to recoup himself Mr. Pulszky sold two out of the eight at, I must say, a very stiff price.”

While she was talking I could not help noticing the strange glitter in her eyes. Then a curious smothered sound broke upon my ear. I turned and saw Mrs. Frewin looking with glowing and dilated eyes at the charming picture presented by Lady Molly.

“I should like to show you my purchases,” said the latter to Sir Anthony. “One or two foreign connoisseurs have seen the two miniatures and declare them to be the finest in existence. Mary,” she added, turning to me, “would you be so kind as to run up to my room and get me the small sealed packet which is at the bottom of my dressing-case? Here are the keys.”

A little bewildered, yet guessing by her manner that I had a part to play, I took the keys from her and went up to her room. In her dressing-case I certainly found a small, square, flat packet, and with that in my hand I prepared to go downstairs again. I had just locked the bedroom door when I was suddenly confronted by a tall, graceful woman dressed in deep black, whom I at once recognised as the Honourable Mrs. Frewin.

“You are Miss Granard?” she said quickly and excitedly; her voice was tremulous and she seemed a prey to the greatest possible excitement. Without waiting for my reply she continued eagerly:

“Miss Granard, there is no time to be more explicit, but I give you my word, the word of a very wretched, heart-broken woman, that my very life depends upon my catching a glimpse of the contents of the parcel that you now have in your hand.”

“But——” I murmured, hopelessly bewildered.

“There is no ‘but,’ ” she replied. “It is a matter of life and death. Here are £200, Miss Granard, if you will let me handle that packet,” and with trembling hands she drew a bundle of bank-notes from her reticule.