"I shall tell mother how well that white frock suits you," he said with decided approval in his tone, as he looked her over critically. "She" —nodding his head at Lulu, who at a little distance was talking animatedly with her other friends— "would look better if she didn't wear so many ornaments and fal-lals. She reminds me of the little girl in the nursery rhyme, made of 'ribbons and rings, and all fine things.'"

Celia smiled at this, but she looked a little uneasy. Suddenly she asked:

"Eric, do you think you could lend me a few shillings?"

"What! You don't mean to say you've spent the whole of that sovereign Uncle Jasper gave you?" he exclaimed, in accents of intense surprise.

"Yes, I do. You needn't look so astonished. How often have I heard you say that money slips away in the most remarkable manner!"

"So it does," he agreed.

"There were so many things I wanted, and Lulu spends so much, and—and I've only a few coppers left."

"Well, you're welcome to these," Eric said, counting three shillings into her hand. "I'm afraid I can't let you have more. Shall I ask mother to send you—"

"No, no! And, please don't tell her I've spent all my money. This will be plenty for what I want. Thank you so much. I daresay you think I've been extravagant, but a sovereign is not a lot of money, after all."

Eric was silent whilst he reflected that not so very long ago Celia would have considered a sovereign almost a small fortune. Times were changed indeed.