"Rubbish!" I exclaimed cheerfully. "Sheer and unadulterated rubbish! We are not rich, Isobel, but the trifle the care of you will cost us amounts to nothing at all. We are willing and able to take charge of you as well as we can. You know that!"

Ah! She drew a long sigh of relief. It was wonderful how her face changed.

"But why is Lady Delahaye so cruel—why is she so anxious that I should not stay with you?" she said.

I laughed.

"Lady Delahaye is mysterious," I answered. "I have come to the conclusion, Isobel, that you must be a princess in disguise, and that Lady Delahaye wants to claim all the rewards for having taken charge of you!"

"Don't be silly!" she laughed. "Princesses are not brought up at Madame Richard's, without relations or friends to visit them, and no pocket money."

"Nevertheless," I answered, "when I consider the number of people who are interested in you, and Lady Delahaye's extraordinary persistence, I am inclined to stick to my theory. We shall look upon you, Isobel, as an investment, and some day you shall reward us all."

Her hand slipped into mine. Her eyes were soft enough now.

"Dear friend," she murmured, "I think that it is my heart only which will reward you—my great, great gratitude. I am afraid of Lady Delahaye, Arnold. There are things in her eyes when she looks at me which make me shiver. Do not let us go there again, please!"

Arthur broke in impetuously.