"His Majesty, King Coco Bolo," replied the little Admiral, drawing himself up very straight and lifting his cocked hat as high as his short arm would permit.

"But, bless my paint and spangles!" he cried. "What am I thinking of? Here have I been chattering away, forgetting all the time what I came for."

So saying, he removed his cocked hat again and took out of the lining a large, square letter, which he handed to Margaret; and having done so, he retired a few steps, where he stood with his arms a-kimbo and his head on one side, smiling away at nothing. "Just as if he had been taking lessons in cheerfulness and was practising while he waited," thought Frances.

The two children, with their heads close together, each holding a corner of the envelope, spelt out the address. It read:

"To Margaret and Frances. Courtesy of Admiral Boxwood."

"Then he is an Admiral," whispered Margaret, peeping over the top of the envelope at the smiling little gentleman. "That's why he wears a cocked hat and is so polite."

"What does it mean by saying, 'Courtesy of Admiral Boxwood'?" asked Frances. "Do you think they made a mistake and meant to say 'Courtesy to Admiral Boxwood'?"

"Perhaps they did," replied Margaret. "Anyhow, it's better to be too polite than not polite enough, so let's courtesy to him."

Standing up side by side and holding out their frocks with both hands, the two little girls made their very best "cheeses" to the Admiral; upon which the Admiral took off his cocked hat with a flourish and bowed, until the squeaking of his joints warned him to straighten up again.

"What is the letter about?" asked Margaret, turning it over and over. "Here's a big 'C. B. R.' on the back, done in red letters with a gold crown over them. What does C. B. R. mean?"