Pickering hauled in the string, attached Marvin’s bull’s-eye to it, and let it down again at once. The pit was of great depth, as shown by the length of cord. Then with an agility which would have done credit to a much younger man, he swung himself over on to the ladder.

“If you’d like to come down, Mr Hughes, you can follow me,” he exclaimed, as he disappeared into the darkness. “Horton, hold your light over me. You two stay here. If anybody enters the place, arrest them quickly.”

“Very well, sir,” answered the man Horton, and the inspector went deeper down until only the trembling of the ladder betokened his presence there.

“All right, Mr Hughes. Come down, but be careful,” he cried up presently, his voice sounding far away. “You’ll have to slide down the rope for the last twelve feet or so. Cling tight, and you’ll be all right.”

I grasped the ladder, placed my foot into the first loop, and then with the light held over me, went down, down, first into a place which seemed large and cavernous, and presently down a kind of circular well with black slimy walls which seemed to descend into the very bowels of the earth.

Below I could hear the sound of rushing waters, but above them was the inspector’s encouraging voice, crying, “All right. Now then, take the rope in your legs and slip straight down.”

I did so, and a moment later found myself up to my knees in an icy cold stream, which swept and gurgled about me.

Pickering and his assistant stood at my side, their lamps shining upon the dark subterranean flood.

“Is this the place you remember?” asked the inspector, shining his bull’s-eye around and revealing that we were at the bottom of a kind of circular well which had on either side two low arches or culverts. From the right the water rushed in with a swirling current, and by the opposite culvert it rushed out, gurgling and filling the arch almost to its keystone. I saw that all the black slimy masonry was of long flat stones—a relic of ancient London it seemed to be.

“This isn’t the place where I found myself,” I said, much surprised.