"You are observant," he answered drily. "I have just come from the
Prime Minister."

"Well?"

"I find that Palliser has been conducting a regular conspiracy behind my back, with reference to this wretched peerage. He has practically forged my name and has placed me in a most humiliating position. You, I suppose, were his instigator in this matter?"

"I suppose I was," she admitted.

"What was to be his reward—his ulterior reward, I mean?"

"I promised him twenty thousand pounds," she answered, with cold fury. "It appears that I overvalued your importance to your party. Tony apparently did the same. He thought that you had only to intimate your readiness to accept a peerage and the thing would be arranged. It seems that we were wrong."

"You were doubly wrong," he replied. "In the first place, there were difficulties, and in the second, nothing would have induced me to accept such a humiliating offer."

"How did you find this out?" she enquired.

"The Prime Minister offered me the peerage less than an hour ago," he answered. "I need not say that I unhesitatingly refused it."

Stella ceased buttoning her gloves. There was a cold glitter in her eyes.