The sea-anemone's arms were all waving furiously. He was very much excited, because he knew that the time had come for him to decide which of the two fairies had brought the most beautiful things; and as I told you before, he was not very quick in making up his mind.

"Well?" said Laughing Sapphire impatiently. "What do you think? Is it best to live on the sea or on the land?"

"I think," said the sea-anemone very slowly, "that the sea is the best place for a sea-fairy."

"Yes, yes," said the sea-fairy, "of course it is!"

"But then, you know," the sea-anemone went on, "I can't help thinking that the land is the best place for a land-fairy."

Then he drew in all his arms and became a little knob of red jelly.

"It is possible," said Sweet-of-the-Mountain thoughtfully, "that there is some sense in what he says. And yet"—he sniffed happily at his cup of honey—"and yet I don't believe you have anything at sea as sweet as this."

"It is certainly a very nice scent," agreed Laughing Sapphire, "but I do think it would be improved by a little salt."

PRINCESS ORCHID'S PARTY

A FAIRY whose name was Hedgeflower once lived in a wild rose at the corner of a field. One day he went out to search for adventures, for most fairies have a great wish for adventures.