found himself with his two companions in the train for London. Arriving at Liverpool Street, they took a taxi and were soon comfortably ensconced in a private room at a small but exclusive West End hotel. It was not until after lunch that Yvette opened a conversation that was destined to exercise a powerful influence on Dick Manton’s career. “Now, Dick,”—she called him “Deek”—“before I say anything I must make it a condition that under no circumstances will you ever mention what passes between us. I know I can trust you implicitly. I am going to make you an offer which you are absolutely free either to accept or refuse. It will surprise you, and you are entitled to a full explanation. But in case you refuse, not a word of our conversation must ever pass your lips under any circumstances whatever. Do you agree?” “Of course I do,” replied Dick, wondering what was coming. “Very well,” laughed Yvette, “now I can tell you everything.” “You will remember,” she went on, “what I was doing in France—smuggling money and valuables out of the reach of the Germans. Well, I am doing the same thing still, but on a different scale and by different methods. I dare say you know that there is an enormous amount of smuggling into England; the heavy import duties have made it a very profitable game. What you probably don’t know is that it is mostly carried on by Germans. There is a regular organisation at work, clever, secret, and highly efficient. But the chain, like every chain, has a weak link, and I happen to have found it. The head of the whole undertaking is Otto Kranzler, of Frankfort. You will remember him. He was the commandant responsible for the murder of my father and mother.” “I remember!” Dick exclaimed. “At the very moment Kranzler is in Paris, looking for an opportunity to get into England with a wonderful collection of jewels, which formed a part of those given to the mock-monk Rasputin by the late Czarina of Russia and some of his wealthy female admirers. Now, Dick, I want those jewels, and I am going to have them?” “But how?” queried Dick. “Kranzler is in a serious difficulty. So far as I can make out the jewels were brought into Germany by a Bolshevik agent for disposal, of course, against the German law. Rasputin’s jewels were liable to confiscation, and by some means the German Secret Police got wind of the affair.