Lighting a cigarette, Tony sauntered across to the bathroom, where a shave, a cold tub, and a few minutes of Muller's exercises were sufficient to remove the slight trace of lassitude induced by his impersonation of Charles the Second. Then, still clad in his dressing-gown, he strolled down the main staircase, and opening the front door passed out into the garden.

The house was one of those two or three jolly old-fashioned survivals which still stand in their own grounds in the neighbourhood of Jack Straw's Castle. Tony had bought up the freehold several years previously, the quaint old Georgian residence in its delightful surroundings appealing to him far more than his own gloomy family mansion in Belgrave Square. As he himself was fond of explaining, it gave one all the charm of living in the country without any of its temptations to virtue.

A few yards' walk along a gravel path, hedged in on each side by thick laurel bushes, brought him to the gymnasium. The door was slightly open, and from the quick patter and shuffle of footsteps inside, it sounded as if a number of ballet girls were practising a novel and rather complicated form of step dance.

The spectacle that actually met Tony's eyes when he entered, however, was of a less seductive nature. Clad only in a pair of flannel trousers, a young man was spinning and darting about the room in the most extraordinary fashion, indulging at the same time in lightning-like movements with his head and arms. To the uninitiated observer he would have appeared to be either qualifying for a lunatic asylum or else attempting the difficult feat of catching flies on the wing. As a matter of fact either assumption would have been equally inaccurate. He was engaged in what is known amongst pugilists as "shadow boxing" which consists of conducting an animated contest with a vicious but imaginary opponent.

On seeing Tony the young man in question came to an abrupt halt in the middle of the room, and raised his forefinger to his close-cropped forehead.

"Mornin', Sir Ant'ny," he observed.

Notwithstanding his exertions he spoke without the least trace of breathlessness, and there was no sign of perspiration upon his clean white skin. He looked what he was—a splendidly built lad of about nineteen, trained to the last pitch of physical fitness.

Tony glanced him over with an approving eye. "Good-morning, Bugg," he answered. "I am glad to see you looking so well. I dreamed you had broken your neck."

The lad grinned cheerfully. "Not me, sir. Never felt better in me life. Must 'a bin the other bloke."

"I hope not," said Tony anxiously. "I backed you for another two-fifty yesterday, and I can't very well claim the money unless the fight comes off. By the way, a hundred of that goes on to the purse if you do the trick all right."