"I perceive," he said, "that I am not forgotten. It is very flattering! My friends abroad tell me that I have altered a good deal during the last twelve months."

"You have altered, without a doubt," I admitted. "But the circumstances connected with our first meeting were scarcely such as tend towards forgetfulness. You remember my friend, Mr. Allan Mabane?"

"Perfectly," he assented, with a courteous little wave of the hand. "I am very glad to have come across you both again so opportunely. I only arrived in England a few days ago, but I did not hope to have this pleasure until the morning at the earliest. You expected to have heard from me, perhaps, before."

"I don't know about that," I answered, "but I can assure you that we are both very glad to see you, for more reasons than one. There are a good many things which we are anxious to discuss with you."

"The pleasure, then, is mutual," Mr. Grooten remarked affably. "Isobel is, I trust, well?"

"She is quite well," I answered.

"You are helping her to spend her time profitably, I am glad to find," he continued. "I saw two miniatures of hers yesterday at the Mordaunt Rooms."

"Isobel has gifts," I said. "We are doing our best to assist her in their development."

Mr. Grooten raised his eyes to mine. He looked at me steadily.

"Why have you refused to use the money which I placed to your credit at the National Bank for her?" he asked.