He laughed, a low, contemptuous laugh which stung. Llwellyn's face had grown pale. His large, white fingers picked uneasily at the table-cloth.

His position was very clearly shown to him, with greater horror and vividness than ever it had come to him before, even in his moments of acutest depression.

The overthrow would be indeed utter and complete. With the greedy imagination of the sensualist he saw himself living in some cheap foreign town, Bruges perhaps, or Brussels, upon his wife's small income, bereft alike of work and pleasure.

"All you say is true," he murmured as the other made an end. "I am in your power. It is best to be plain about these things. What is your alternative?"

"My alternative, if you accept it, will mean certain changes to you. First of all, it will be necessary for you to obtain a year's leave from the British Museum. I had thought of asking you to resign your position, but that will not be necessary, I think, now. This can be arranged with a specialist easily enough. Even if your health does not really warrant it, a word from me to Sir James Fyfe will manage that. You will have to travel. In return for your services and your absolute secrecy—though when you hear my proposals you will realise that perhaps in the whole history of the world never was secrecy so important to any man's safety—I will do as follows. I will wipe off your debt at once. I will pay you ten thousand pounds in cash this week, and during the year, as may be agreed upon between us, I will make over forty thousand pounds more to you. In all fifty thousand pounds, exclusive of your debt."

His voice had not been raised, nor did it show any excitement during this tremendous proposal. The effect on Llwellyn was very different. He rose from his chair, trembling with excitement, staring with bloodshot eyes at the beautiful chiselled face below.

"You—you mean it?" he said huskily.

The millionaire made a single confirmatory gesture.

Then the whole magnitude and splendour of the offer became gradually plain to him in all its significance.

"I suppose," he said, "that, as the payment is great, the risk is commensurate."