"Who for?" I asked quickly.

Colonel von Quarovitch looked puzzled.

"H'm! That is rather difficult to answer; they would say, most likely, that you were the emissary of Russia, Austria, or Bornia; most probably the latter, since they are our neighbours."

His argument was certainly sound; and I searched my brains for a solution.

"Don't you ever speculate, Colonel?" I asked.

"Eh?"

"I thought you had invested a certain sum, a little while ago, in some rubber company."

"Eh?" he said again.

Mr. Neville chuckled.

I continued: