“And yet it has somehow leaked out from Whitehall,” Darnborough replied, drily.

“A full and drastic inquiry must be ordered. I will telephone at once to the First Lord.”

“He already knows. I saw him this afternoon,” was the quiet reply of the head of the Secret Service, a man whose coolness in great crises was always remarkable. When danger threatened he was always far more cool and collected than when all was plain sailing.

“But what are the main features of the report? Tell me, Darnborough. You always know everything.”

“The chief points of the secret report reached me from one of my agents in Berlin this morning. It was brought over by messenger,” replied the Earl’s visitor, seating himself and puffing thoughtfully at his cigar. “You will recollect that two fleets were engaged in the North Sea, Blue being the British Fleet, and Red representing the German.”

“How foolish of the Admiralty not to have issued a report for public consumption. They ought to have done so long ago, and issued the confidential report afterwards—as was done two years ago,” interrupted His Majesty’s Minister.

“Yes, that is what should have been done,” the other assented. “It is useless to tell the world the truth when national defence is in question. But to resume. Blue’s commander was given two hundred and thirty ships to Red’s one hundred and seventeen, or nearly two to one. Blue had twenty-eight battleships and battle-cruisers to Red’s eighteen, or fifty-five per cent. more.”

“An advantage far greater than we should possess in actual war, unless every British fighting ship was brought home from the Mediterranean.”

“Exactly. War was declared on June 18th—earlier than is usual—and six days later a truce was suddenly ordered from Whitehall. War was resumed three days afterwards, but was stopped suddenly four days later.”

“Well, and what did really happen? I mean, what facts have our friends in Berlin got hold of?” asked the Earl, with the greatest interest.