“Like the dickens,” assented Psmith.

“Then would you mind very much if I kept it till this evening?”

“Please do.”

“Thanks ever so much. I will send it back to you to-night if you will give me the name and address.”

Psmith waved his hand deprecatingly.

“No, no. If it is of any use to you, I hope that you will look on it as a present.”

“A present!”

“A gift,” explained Psmith.

“But I really can’t go about accepting expensive umbrellas from people. Where shall I send it?”

“If you insist, you may send it to the Hon. Hugo Walderwick, Drones Club, Dover Street. But it really isn’t necessary.”