Nassington offered the Minister one of his “Petroffs” which was pronounced excellent.

Then, after a brief chat, his Lordship came to the point.

“The fact is, your Excellency,” he said, “a suggestion has occurred to me by which the Italian Government could, while benefiting the country to an enormous extent, at the same time secure a very handsome sum annually towards the exchequer.”

“How?” inquired the shrewd old statesman.

“By granting to a group of substantial English financiers a monopoly for the whole of the motor-transport of Italy,” his Lordship replied, blowing a cloud of smoke from his lips. “You have, in every part of the kingdom, great tracts of productive country without railways or communications. At the same time you have excellent roads everywhere. The concession, if granted, would be taken up by a great firm who handle motor-traction, and certain districts, approved by your government, would be opened up as an experiment. Would not that be of national benefit?”

“I see,” replied the statesman stroking his beard thoughtfully. “And you propose that the earnings of the syndicate should be taxed by our Department of Finance?”

“Exactly.”

A keen, eager look was in the old man’s eyes, and did not pass unrecognised by the man lounging in the armchair in picturesque indolence.

“And suppose we were to go into the matter,” the Minister said. “What attitude would your Lordship adopt?”

“Well—my attitude would be this,” Nassington replied. “You give me the proper concession, signed by the Ministers, and I guarantee to find the capital among my personal friends in financial circles in London. But on one condition,” he added. “That the whole matter is kept secret. Afterwards, I venture to think the whole country, and especially the rural population will be grateful to your Excellency.”