"It is a mere matter of form delaying till to-morrow, and I shall not read it now; merely tell you the pertinent facts briefly."

"Fire away then. The Lord knows I want to learn every derned pertinent fact—want to badly!"

"In the first place," the lawyer began, "Lady Cromarty is life rented in the mansion and property, less certain sums to be paid to other people, which I am coming to. She therefore lost her husband and a certain amount of income, and gained nothing that we know of."

"That's a cold-blooded way of putting it," said Ned with something like a shiver. "However, what next?"

"Sir Malcolm gets £1,000 a year to support him during the life time of Lady Cromarty, and afterwards falls heir to the whole estate. He therefore gains a baronetcy and £1,000 a year immediately, and the estate is brought a stage nearer him. Miss Farmond gets a legacy of £2,000. She therefore gained £2,000."

"Not that she'll need it," said Ned quickly. "That item doesn't count."

Simon looked at him curiously.

"Why not?" he enquired.

Ned hesitated a moment.

"Perhaps I oughtn't to have said anything," he said, "but this conversation is confidential, and anyhow the fact will be known soon enough now, I guess. She is engaged to Sir Malcolm."