"Not yet," Lord Ellerdine replied. "George Admaston is hard hit, devilish hard hit. He doesn't believe Peggy's guilty—he'd chuck the case if it wasn't for Fyffe."

"Chuck the case!" Collingwood said eagerly.

"I honestly believe he would," Lord Ellerdine answered. "It's the letter which sticks with Fyffe, and I don't understand it—we come against the beastly thing all the time."

Collingwood nodded. "Yes," he said; "that letter's hell."

He suddenly raised his head. "Look here, Dicky," he said, "I think I hear Peggy coming; so off you go, please. Get your American expert to dine with us to-night at your place, at eight o'clock. Run along."

Ellerdine went to the door. "All right, old chap," he said; "that is what I'll do. Eight o'clock. I'm so glad it wasn't you, old chap—such a dirty business!"

He went out of the room, not noticing that he had left his hat and gloves upon the writing-table.

A moment afterwards Peggy entered, pulling aside the curtains of the terrace window. She started violently when she saw Collingwood. "You here!" she said, and there was an ugly note of apprehension and even of anger in her voice. "You——"

Collingwood went up to her. "Peggy!" he said.

"Wasn't that Dicky I heard?"