"Thank you, no. I cannot dine," she said. "I must write letters—and go to sleep."

Paul felt an ice-hand clutching his heart. His face became so blank as to almost pale before her eyes.

She leant forward, and smiled. "Will you be lonely, Paul? Then at ten o'clock you must come under the ivy and wish me good-night."

And this was all he could gain from her. She landed him to walk back to the hotel at the same place from which they had embarked, and the launch struck out again into the lake.

He walked fast, just to be near enough to see her step ashore on to the hotel wharf, but he could not arrive in time, and her grey figure disappearing up the terrace steps was all his hungry eyes were vouchsafed.

The weariness of dinner! What did it matter what the food was? What did it matter that a new family of quite nice English people had arrived, and sat near? A fresh young girl and a youth, and a father and mother. People who would certainly play billiards and probably bridge. What did anything matter in the world? Time must be got through, simply got through until ten o'clock—that was all.

At half-past nine he strode out and sat upon the bench. His thoughts went back in a constant review of the day. How she had looked, where they had sat, what she had said. Why her eyes seemed green in the wood and blue on the water. Why her voice had all those tones in it. Why she had been old and young, and wise and childish. Then he thought of the story of Undine and the lady's strange, snake's look when she had said: "I do not know men?—You think not, Paul?"

His heart gave a great bound at the remembrance. He permitted himself no speculation as to where he was drifting. He just sat there thrilling in every limb and every sense and every quality of his brain.

As the clocks chimed the hour something told him she was there above him, although he heard no sound.

Not a soul was in sight in this quiet corner. He bounded on to the bench to be nearer—if she should come. If she were there hiding in the shadows. This was maddening—unbearable. He would climb the balustrade to see. Then out of the blackest gloom came a laugh of silver. A soft laugh that was almost a caress. And suddenly she crept close and leant down over the ivy.