"My own position," Frenhofer declared solemnly. "I am not greedy or covetous. My ambitions have long been fixed. To serve an Imperial Russian nobleman has been no pleasure for me. St. Petersburg has been a prison. I have been moved to the right or to the left as a machine. It is as a machine only I have lived. Always I have longed for Paris. So month by month I have saved. After to-night I must leave my master's employ. The risk will be too great if monsieur indeed accepts my proposition and carries it out. I need but a matter of ten thousand francs to complete my savings."

The man's white face shone eagerly in the dim light of the gloomy little apartment. His eyes glittered. He waited almost breathlessly.

"Frenhofer," Hunterleys said slowly, "so far as I have been concerned indirectly in these negotiations with you, my instructions to my agent have been simple and definite. We have never haggled. Your name was known to me eight years ago, when you served us in St. Petersburg and served us well. You have done the same thing now and you have behaved with rare intelligence. Within the course of an hour I shall transfer ten thousand francs to the account of François Frenhofer at the English Bank here."

The eyes of the man seemed suddenly like pinpricks of fire.

"Monsieur is a prince," he murmured. "And now for the further details. If monsieur would run the risk, I would suggest that he accompanies me to the office of this man Schwann."

Hunterleys made no immediate reply. He was walking up and down the narrow apartment. A brilliant idea had taken possession of him. The more he thought of it, the more feasible it became.

"Frenhofer," he said at last, "I have a scheme of my own. You are sure that Mr. Grex has never seen this yacht?"

"He has never set eyes upon it, monsieur, save to try and single it out with his field-glasses from the balcony of the villa."

"And he is to board it to-night?"

"At ten o'clock to-night, monsieur, it is to lie off the Villa Mimosa. A pinnace is to fetch Mr. Grex and his friends on board from the private landing-stage of the Villa Mimosa."