"Where is young Carteret?" he asked. "Have you seen him yet?"

"No," she answered. "Somebody was saying he was late. Ah! There he is, surely—just going into the weighing-tent. What a superb horse that is of Mr. Hyde's! Do you think he will win the Cup?"

Baring thought it likely, but he said it with so preoccupied an air that Mrs. Latimer smiled, and considerately refrained from detaining him.

She watched him walk down towards the weighing-tent; but before he reached it, she saw the figure of young Carteret issue forth at the farther end, and start off at a run with his saddle on his shoulder towards the enclosure where the racers were waiting. He was late, and she thought he looked flurried.

A few minutes later Baring returned to her.

"The boy is behindhand, as usual," he remarked. "I didn't get near him. Time is just up. I hear the Rajah thinks very highly of Hyde's Waler."

Mrs. Latimer looked across at the Indian Prince who was presenting the Cup. He was seated in the midst of a glittering crowd of natives and British officers. She saw that he was closely scanning the restless line of horses at the starting-point.

Through her glasses she sought the big black Waler. He was foaming and stamping uneasily, and she saw that his rider's face was deadly pale.

"I don't believe Ronnie can be well," she said. "He looks so nervous."

Baring grunted in a dissatisfied note, but said nothing.