“Splendid!” said Psmith. “Splendid, splendid.”

Lord Emsworth removed his glasses, twiddled them on their cord, and replaced them on his nose.

“He made . . . He—er—the fact is, he made . . . Before he went Baxter made a most remarkable statement . . . a charge . . . Well, in short, he made a very strange statement about you.”

Psmith nodded gravely.

“I had been expecting something of the kind,” he said. “He said, no doubt, that I was not really Ralston McTodd?”

His lordship’s mouth opened feebly.

“Er—yes,” he said.

“I’ve been meaning to tell you about that,” said Psmith amiably. “It is quite true. I am not Ralston McTodd.”

“You—you admit it!”

“I am proud of it.”