stimulating, especially after one has found the winner of the first race.

"We have not brought anything to eat," admitted Cynthia ruefully. "We ordered some sandwiches before leaving the hotel, and we mean to stop for tea at some old-world hotel in Reigate which Mrs. Devar recommends."

"Unfortunately I was not hungry at sandwich time," sighed Mrs. Devar.

"If it comes to that, neither was I, whereas I have a most unromantic appetite now. But what can do, as the Babus say in India. I am rather inclined to doubt the quality of anything we can buy here."

Medenham's face lit up.

"India!" he cried. "Have you been to India?"

"Yes, have you? My father and I passed last cold weather there."

Warned by a sudden expansion of Mrs. Devar's prominent eyes, he gave a quick turn to a dangerous topic, since it was in Calcutta that the gallant ex-captain of Horton's Horse had "borrowed" fifty pounds from him. Naturally, the lady omitted the telltale prefix to her son's rank, but it was unquestionably true that the British army had dispensed with his services.

"I was only thinking that acquaintance with the East, Miss Vanrenen, would prepare you for the mysterious workings of Kismet," said Medenham lightly. "When I came across Simmonds this morning I was bewailing the fact that my respected aunt had fallen…
"He hasn't a ghost of a chance," said Medenham.
"Oh, but he has. Mr. Deane told my father----"
"But Tomkinson told me," he interrupted.
"Tomkinson. Is that your butler friend?"
"Yes. He says the King's horse will win."
"Surely the owner of Grimalkin must know more about the race than a butler?"
"You would not think so, Miss Vanrenen, if you knew Tomkinson."
"Where is he butler?" asked Mrs. Devar suavely.
"I forget for the moment, madam," replied Medenham with equal suavity.
The lady waived the retort. She was sure of her ground now.
"In any case, I imagine that both Mr. Deane and this Tomkinson may be mistaken. I am told that a horse trained locally has a splendid chance--let me see--yes, here it is: the Honorable Charles Fenton's Vendetta."
It was well that those bulging steel-gray eyes were bent over the card, or they could not have failed to catch the flicker of amazement that swept across Medenham's sun-browned face when he heard the name of his cousin. He had not been in England a full week as yet, and he happened not to have read a list of probable starters for the Derby. He had glanced at the programme during breakfast that 

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