"I have not that pleasure," Spencer answered. "I am afraid I must confess that my visit was purely one of curiosity."

"Curiosity!" Lord Runton repeated.

"Exactly. Do you mind passing those excellent cigarettes of yours, Duncombe?"

Lord Runton hesitated for a moment. He was conscious of a certain restraint in Spencer's answers. Suddenly he turned towards him.

"Mr. Spencer," he said, "may I ask if you are Mr. Jarvis Spencer, of the 'Daily Messenger'—the Mr. Spencer who was mentioned in connection with the investigations into the Lawson estates?"

Spencer nodded.

"Yes," he said, "I am that person."

"Then," Lord Runton continued, "I want to tell you exactly what has happened to-day in my house, and to ask your advice. May I?"

"If our host has no objection," Spencer answered, glancing towards Pelham.

"None whatever," Duncombe answered, also glancing towards Pelham.