'What is it?'

'Cudgegong,' laughed Jim.

'By Jove, you shall have it! I'm sick and tired of it, and can make better use of the money. I hope you beat me, upon my word I do,' said Chris Shaw.

'I shall not be able to pay all the cash down—'

'Never mind that. You will work it off. How much do you stand to win on Grey Bird?'

'About twelve thousand.'

'Then you shall have Cudgegong for that amount of cash down if you win.'

'It is very kind of you,' said Jim.

'Not at all. You are doing me a kindness by taking it off my hands,' and he hurried away after a friend.

Jim Dennis had not expected this, and it made him more anxious to win.