“No, he hadn’t—he couldn’t get the one rupee unused slate, small second, after all.”

“The only things to go for now-a-days are new issues—all the old ones are too rare.”

“What’s that Turk’s Island twopence halfpenny on penny dull red, that Mrs. Ritchie Stern had from Captain Tullock?”

“Oh, a beauty! I offered her an old Pacific Steam Navigation stamp for it, but she wouldn’t exchange.”

“Nonsense! It’ll be as common as Black English in a little while.”

“Isn’t that a lovely set—those Venezuelans! And do you notice that the over-print is different in just one out of the whole sheet? I wrote to the paper about it, and they took no notice. I’m positive there’s a variation.”

Five heads were eagerly bent over a square half inch of printed paper, while a chorus of indistinguishable argument arose that made Mrs. Lewin laugh out loud.

“I never yet met any one closely connected with the Navy or Army who did not possess a collection of stamps worth at least a thousand pounds!” remarked Halton drily, following her glance.

“And did they ever realise the thousand pounds?”

“Oh no, not personally. You heard their ingenuous remarks about catalogues and market prices! But then they never want to sell—personally. They know some one, however, who did so. It is generally Browne who had the Taradiddle on the El Dorado Station, unless it is Smyth of the 1,000!”