Philip looked where she pointed; it certainly was Mrs. Israels.

“Yes, that is she,” he said; “but I had no idea they were as rich as her appearance indicates.”

Lady Ellington gave a little gasp of horror.

“Good gracious, I forgot you were a magnate too!” she cried. “How rude of me! But, really, you are so unlike Mrs. Israels.”

Then she sank her voice to a confidential whisper.

“Dear Mr. Home,” she said, with all the brilliance of unpremeditated invention, “do talk shop with me for one minute. Ellington told me he had got a little sum of money—you know the sort of thing, not big enough to be of any real use—ah, you mustn’t tell him I asked you. He would be furious, quite furious. Yes, and if you could just casually mention some investment which might eventually cause it to be of some use——”

Philip—she could not see him, as he was sitting behind her, with his arm on the back of her chair—could not help frowning. He was delighted to be of any use to his friends, but sometimes, as now, his help was asked in a sideways, hole-and-corner manner. Why shouldn’t her husband know? He did not like intrigue at any time; purposeless intrigue was even more tiresome. But he expunged the frown from his voice anyhow when he answered:

“Yes, I can certainly recommend you an investment or two,” he said, “but I can promise you no certainty. I can only say that I hold a stake in them myself. I suppose, as you have this—this sum of money, you will take up your shares—pay for them, I mean!”

She gave a little laugh of surprise.

“You are too delicious!” she said. “You mean we can buy them without paying for them, like a bill?”