“He does, absolutely.”

“And where does His Highness think that I am going to get half a million of money from at a moment’s notice, pray?” I asked with a smile.

“With these in your possession there will be no difficulty,” she responded coolly, indicating the papers. “There is not a financial agent in the City of London who would not be only too delighted to, without its intentions being known.”

“But you say it is all a secret,” I observed. “How do you think it possible that I can raise such a loan without its intentions being known?”

She laughed outright.

“The money, you will find from the documents here, is ostensibly for the construction of a new railway from Philippopolis, by the Shipka to Rustchuk. The plans are here, properly prepared, so that you need have no hesitation in showing them to any railway engineer.”

I saw that she had been trained in a school of clever diplomacy.

“And you say that security will be given?”

“Certainly. The proposal is to give the customs receipts. They would be ample. Failing that, it is probable that the Princess’s jewels, which, as you know, include some of the finest pearls in Europe, might be available. Of the latter, however, I am not sure.”

I remained silent, turning over the papers she had passed across to me. They were mostly in French, and, therefore, easily understood. The documents related to “the long projected scheme of constructing a railway from Philippopolis to Eski Saghra, thence across the Shipka to Rasgrad, joining the line already in operation between Varna and Rustchuk.” Appended were official declarations from the Bulgarian Minister of Finance, countersigned by the Prince himself.