I suppose I looked at him rather sharply, for he at once put up an apologetic hand.

"Please don't think me intrusive, Mr. Northcote," he added hurriedly. "Your name has been mentioned very freely in the City in connection with them; but if you would rather not say anything at present, of course I shall understand."

His words had naturally given me a bit of a start. I had no idea that, with the exception of my own discoveries in Bolivia, anyone had so much as smelt a fresh goldfield in South America. Could this, I wondered, be the mysterious "Company" alluded to in Sangatte's letter? I lit a cigarette to give myself time to think.

"At the present moment," I said gravely, "I am not in a position to impart any information on the matter." (God knows this was true enough!) "But," I added, seeing his evident disappointment, "a little later on I might perhaps be able to give you a useful hint or two."

His greedy and rather pasty face brightened at once. "I should be extremely grateful if you could, Mr. Northcote," he said, "extremely grateful."

"Oh, that's all right," I returned, finishing up the rest of the champagne. "Now I'm afraid I must be off. I've got an appointment at six."

He followed me to the door of the hotel, protesting his appreciation of my kindness, and respectfully waved a podgy hand as a convenient taxi bore me away down Holborn. It must be a good long way from the Cannon Street Hotel to Vauxhall Road, but my memories of the meeting were sufficiently entertaining to prevent my noticing it. Indeed, I was still smiling thoughtfully to myself over the bald-headed gentleman's anticipations when the driver pulled up with a jerk outside a row of depressed-looking three-storey houses, fronted in dirty stucco.

"'Ere you are, sir," he said, leaning back and opening the door. "Number 34."

I got out and told the man to wait. In case Billy was not at home, it would be just as well, I thought, to have a cab in readiness. For all I knew, I might have been followed; and if that were the case, from what I could see of my surroundings it was not at all the sort of neighbourhood for an unattended stroll.

Mounting a dilapidated flight of steps, I gave a pull at the bell, which tinkled vehemently down in the basement. It was answered after a long wait by a round-shouldered elderly woman, who put her head round the doorway and peered at me suspiciously.