"I don't know that I ever heard of a more outrageous case," he said. "I only hope that the scoundrels may be soon brought to justice."

"In the meantime what about the poor people we intended to help?" asked Lady Weltershall.

"They shall not lose," replied Lord Laverstock. "I shall refund the entire amount myself."

"No, no, my lord; that would be manifestly unfair," said Simon Carne. "We are all trustees of the fund and what happened is as much our faults as yours. If nine other people will do the same I am prepared to contribute a sum of ten thousand pounds towards the fund."

"I will follow your example," said the Marquis.

"I also," continued Lord Amberley.

By nightfall seven other gentleman had done the same, and, as Simon Carne said as he totalled the amounts: "By this means the Canary Islanders will not be losers after all."

CHAPTER VIII.

AN IMPERIAL FINALE.

Of all the functions that ornament the calendar of the English social and sporting year, surely the Lowes week may claim to rank as one of the greatest, or at least the most enjoyable. So thought Simon Carne as he sat on the deck of Lord Tremorden's yacht, anchored off the mouth of the Medina River, smoking his cigarette and whispering soft nothings into the shell-like ear of Lady Mabel Madderley, the lady of all others who had won the right to be considered the beauty of the past season. It was a perfect afternoon, and, as if to fill his flagon of enjoyment to the very brim, he had won the Queen's Cup with his yacht, The Unknown Quantity, only half-an-hour before. Small wonder, therefore, that he was contented with his lot in life, and his good fortune of that afternoon in particular.