"When you have told me what it is, I will tell you," said he, gravely jocose.

I put the paper in Holgate's hands, and pointed to the paragraph. He read it slowly aloud and then looked up.

"Well?" he asked.

"I am going to tell you something which you know," I said, addressing Pye. "The lady in the deck cabin is Mlle. Trebizond."

Holgate started. "Good Heavens!" he exclaimed, but Pye was quite silent, only keeping his eyes on me.

"I recognized her, but couldn't name her," I went on. "Now it has come back to me."

"Which means, of course," said Pye unemotionally, "that Mr. Morland is——"

"The Prince," said Holgate with a heavy breath.

Pye resumed his cigarette. "With all these sensations, my dear Holgate," he remarked, "I have forgotten my duty. Perhaps you will help yourself."

Holgate did so. "Good Heavens!" he said again, and then, "I suppose, if you're right, that we carry Cæsar and his fortunes. He has got off with the lady and the plunder."