"I know that clause," answered the Saint coolly, "and you may be interested to know that it has no legal value whatever. In a successful libel action, the author, printer, and publisher are joint tortfeasors, and none of them can indemnify the other. Ask your solicitor. As a matter of fact," he added prophetically, "I don't expect I shall be able to recover anything from the author, anyway. Authors are usually broke. But you are both the printer and publisher, and I'm sure I can collect from you."

Mr. Parstone stared at him with blanched lips.

"But fifty thousad pouds is ibpossible," he whined. "It would ruid be!"

"That's what I mean to do, dear old bird," said the Saint gently. "You've gone on swindling a lot of harmless idiots for too long already, and now I want you to see what it feels like when it happens to you."

He stood up, and collected his hat.

"I'll leave you the book," he said, "in case you want to entertain yourself some more. But I've got another copy; and if I don't receive your cheque by the first post on Friday morning it will go straight to my solicitors. And you can't kid yourself about what that will mean."

For a long time after he had gone Mr. Herbert Parstone sat quivering in his chair. And then he reached out for the book and began to skim through its pages. And with every page his livid face went greyer. There was no doubt about it. Simon Templar had spoken the truth. The book was the most monumental libel that could ever have found its way into print. Parstone's brain reeled before the accumulation of calumnies which it unfolded.

His furious ringing of the bell brought his secretary running.

"Fide me that proof-reader!" he howled. "Fide be the dab fool who passed this book!" He flung the volume on to the floor at her feet. "Sed hib to be at wuds! I'll show bib. I'll bake hib suffer. By God, I'll—"

The other things that Mr. Parstone said he would do cannot be recorded in such a respectable publication as this.