"What will you pay for it?" asked Hamilton, in a shaky voice. "I mean, how much a ton?"

Bones mentioned a figure, and Hamilton jotted down a note.

He had a friend, as it happened, in the jute trade—the owner of a big mill in Dundee—and to him he dispatched an urgent telegram. After that he examined the contract at leisure. On the fourth page of that interesting document was a paragraph, the seventh, to this effect:

"Either parties to this contract may, for any reason whatsoever, by giving notice either to the Ministry of Supplies, Department 9, or to the purchaser at his registered office, within twenty-four hours of the signing of this contract, cancel the same."

He read this over to Bones.

"That's rum," he said. "What is the idea?"

"My jolly old captain," said Bones in his lordly way, "how should I know? I suppose it's in case the old Government get a better offer. Anyway, dear old timidity, it's a contract that I'm not going to terminate, believe me!"

The next afternoon Bones and Hamilton returned from a frugal lunch at a near-by tavern, and reached the imposing entrance of the building in which New Schemes Limited was housed simultaneously—or perhaps it would be more truthful to say a little later—than a magnificent limousine. It was so far ahead of them that the chauffeur had time to descend from his seat, open the highly-polished door, and assist to the honoured sidewalk a beautiful lady in a large beaver coat, who carried under her arm a small portfolio.

There was a certain swing to her shoulder as she walked, a certain undulatory movement of hip, which spoke of a large satisfaction with the world as she found it.

Bones, something of a connoisseur and painfully worldly, pursed his lips and broke off the conversation in which he was engaged, and which had to do with the prospective profits on his jute deal, and remarked tersely: