“Pecuniary difficulties, of course. The last Drakovics Ministry left the country plunged in debt, and old Mirkovics, who is as honest as the day, but no financier, made no attempt to retrench. He thought that anything spent on the army or on public works must be so much to the good, while the King felt it his duty to look after the beautifying of the capital and the formation of the public taste, and between them they’ve called down the thunderbolt which used to hang over our heads in the old days.”

“You mean they’ve encroached upon the interest due on the Scythian loan?”

“Encroached? They haven’t paid any interest for three years. Of course Scythia lay low and accepted their excuses with a pleased smile, and equally, of course, she is demanding the arrears now.”

“But what can they do?”

“Oh, Scythia is most willing to suggest terms—and conditions also. One of the conditions is a Scythian marriage for Michael, and the others would deliver Thracia over, bound hand and foot, to Scythian influence. Pannonia and Hercynia are not much inclined to help, having seen all their warnings disregarded, but they will hardly be able to remain passive in view of such a complete surrender. The problem of the moment is to secure their moral support without requiring them to advance the corresponding cash, and King Michael is coming here in the hope of solving it.”

“I see. He has got himself into difficulties, and expects you to get him out of them?”

“Quite so. As soon as he found himself in this fix, he telegraphed to request me to return and reorganise Thracia. It showed a touching faith in me; and once, no doubt, I could have done what he expects of me, but not now. All I can do is to go through his affairs, and give him the advice of an ordinary business man—no brilliant strokes at this time of day. I know he thinks I can raise the necessary money among my Jewish friends by my personal influence, but they have something else on hand.”

“But do you mean,” cried Usk indignantly, “that King Michael insisted on your coming back to Europe in spite of the risk, and that is why you are here?”

“You forget that he’s my wife’s son. It pleases his mother when he turns to me for help, and I am glad to do what I can for him. But I had other reasons for coming home. There is one of them.” He pointed to two men, armed with fishing-rods and baskets, who passed at the moment, saluting Usk with marked deference.

“But those are the detectives who are down here to look after King Michael,” said Usk. “The stout one comes from Scotland Yard, and is sent by our Government, and the other, who belongs to some private office, is employed by the Thracian Minister.”