"This is a pleasant sort of picnic!" he grumbled, as he brought his car to a standstill. "Now what do I do, monsieur?"

"You return with me, if you please," was the reply.

Richard stood, for a moment, irresolute. The idea of giving in without a struggle was most distasteful to this self-reliant young American. Then he realised that not only was his captor armed but that there were men behind him and one on either side.

"Lead the way," he decided tersely.

They marched him up the hill, a little way across some short turf and round the back of a rock to a long building which he remembered to have noticed on his way up. His guide threw open the door and Richard looked in upon a curious scene. Ranged up against the further wall were about a dozen of the guests who had preceded him in his departure from the Club-house. One man only had his hands tied behind him. The others, apparently, were considered harmless. Mr. Grex was the one man, and there was a little blood dripping from his right hand. The girl stood by his side. She was no paler than usual—she showed, indeed, no signs of terror at all—but her eyes were bright with indignation. One man was busy stripping the jewels from the women and throwing them into a bag. In the far corner the little group of chauffeurs was being watched by two more men, also carrying firearms. Lane looked down the line of faces. Lady Hunterleys was there, and by her side Draconmeyer. Hunterleys was a little apart from the others. Freddy Montressor, who was leaning against the wall, chuckled as Lane came in.

"So they've got you, too, Dicky, have they?" he remarked. "It's a hold-up—a bully one, too. Makes one feel quite homesick, eh? How much have you got on you?"

"Precious little, thank heavens!" Richard muttered.

His eyes were fixed upon the brigand who was collecting the jewels, and who was now approaching Miss Grex. He felt something tingling in his blood. One of the guests began to talk excitedly. The man who was apparently the leader, and who was standing at the door with an electric torch in one hand and a revolver in the other, stepped a little forward.

"Ladies and gentlemen," he said, "once more I beg you not to be alarmed. So long as you part with your valuables peaceably, you will be at liberty to depart as soon as every one has been dealt with. If there is no resistance, there will be no trouble. We do not wish to hurt any one."

The collector of jewels had arrived in front of the girl. She unfastened her necklace and handed it to him.