5. The independence of Ireland to be recognised.

Of the claim of £300,000,000, fifty millions was demanded from London, the sum in question to be paid within twelve hours.

The Lord Mayor had, it appeared, sent his secretary to the Prime Minister at Bristol bearing the original document in the handwriting of Von Kronhelm. The Prime Minister had acknowledged its receipt by telegraph both to the Lord Mayor and to the German Field Marshal, but there the matter had ended.

The twelve hours' grace was nearly up, and the German Commander, seated in Whitehall, had received no reply.

In the corner of the large, pleasant, well-carpeted room sat a German telegraph engineer with a portable instrument, in direct communication with the Emperor's private cabinet at Potsdam, and over that wire messages were continually passing and repassing.

The grizzled old soldier paced the room impatiently. His Emperor had only an hour ago sent him a message of warm congratulation, and had privately informed him of the high honours he intended to bestow upon him. The German Eagle was victorious, and London—the great unconquerable London—lay crushed, torn, and broken.

The marble clock upon the mantelpiece shelf chimed eleven upon its silvery bells, causing Von Kronhelm to turn from the window to glance at his own watch.

"Tell His Majesty that it is eleven o'clock, and that there is no reply to hand," he said sharply in German to the man in uniform seated at the table in the corner.

The instrument clicked rapidly, and a silence followed.

The German Commander waited anxiously. He stood bending slightly over the green tape in order to read the Imperial order the instant it flashed from beneath the sea.