"Were you in the war?" asked Val.

"Ye-es. I've done that too. I was gassed; it was a small bit unpleasant." He smiled with a deep and sleepy air of prosperity, as if he had caught it from his name. Whether his saying "small" when he ought to have said "little" was genuine mistake or affectation, Val could not decide; the fellow was evidently capable of anything. Among the ring of buyers round the Mayfly filly who had won her race, Monsieur Profond said: "You goin' to bid?"

Val nodded. With this sleepy Satan at his elbow, he felt in need of faith. Though placed above the ultimate blows of Providence by the forethought of a grandfather who had tied him up a thousand a year to which was added the thousand a year tied up for Holly by HER grand-father, Val was not flush of capital that he could touch, having spent most of what he had realised from his South African farm on his establishment in Sussex. And very soon he was thinking: 'Dash it! she's going beyond me!' His limit—six hundred—exceeded, he dropped out of the bidding. The Mayfly filly passed under the hammer at seven hundred and fifty guineas. He was turning away vexed when the slow voice of Monsieur Profond said in his ear:

"Well, I've bought that small filly, but I don't want her; you take her and give her to your wife."

Val looked at the fellow with renewed suspicion, but the good humour in his eyes was such that he really could not take offence.

"I made a small lot of money in the war," began Monsieur Profond in answer to that look. "I 'ad armament shares. I like to give it away. I'm always makin' money. I want very small lot myself. I like my friends to 'ave it."

"I'll buy her of you at the price you gave," said Val with sudden resolution.

"No," said Monsieur Profond. "You take her. I don' want her."

"Hang it! One doesn't—"

"Why not?" smiled Monsieur Profond. "I'm a friend of your family."