Tony smiled happily. "I quite believe you," he said. "I should think he was a most unscrupulous brute. People with those smooth purry voices always are." Then with that sudden infectious laugh he took his hands from his pockets and held them out to Isabel, who after a momentary hesitation put out her own to meet them. "My dear Isabel," he said, almost seriously; "haven't you grasped the great fact that this is the most colossal jest ever arranged by Providence? I should see it through to the end if I had to get up to breakfast every day for the rest of my life." He paused with a twinkle in his eyes. "Unless, of course, you really want to be Queen of Livadia."

"Me!" exclaimed Isabel, with the same fine disregard for grammar. "Why, I never want to see the hateful place again. There's nothing I would love better than just to stay with you—I mean of course," she added hastily, "until Miss Watson comes back."

"Of course," said Tony.

Then suddenly releasing her hands, Isabel too got up from the seat.

"It's only that I don't want to be a trouble or—or an expense," she added a little confusedly.

"As far as the expense goes," said Tony, "the matter is already settled. I have consulted one of the most eminent pawnbrokers in London, and he tells me that your great-grandmother had a very pretty taste in jewellery. There will be no need to pawn the rings. He let me have seven thousand pounds on the brooch alone."

"Seven thousand pounds," echoed Isabel with a gasp. "Oh, but how lovely! I can live on that for ever." She hesitated for a moment. "They are part of the Royal collection you know. Pedro gave them to me when we were betrothed—at least I don't suppose he really meant me to keep them."

Tony laughed joyously. "What fun!" he exclaimed. "I should love to have seen Da Freitas' face when he heard you had taken them with you. Though as a matter of fact," he added, "we shall probably see it quite soon enough, unless Uncle Phil was too agitated to recognize me."

"Recognize you?" repeated Isabel, opening her eyes. "Why he has never seen you before this morning!"

"Yes, he has," said Tony. "I happened to be in the hall of the Club yesterday, when he came rushing in to tell Da Freitas that you had disappeared. At least I imagine that was what he came for. He could hardly have been so beautifully excited about anything else."