For a moment Sir Matthew paused. Once more his eyes took in the room. Where was the enemy? Just behind him, in his usual place, sat Tarleton at his table covered with papers. The secretary’s face was white and drawn; he was twisting his small moustache nervously; his eyes were fixed on the chairman with a half-frightened expression. Once more Sir Matthew’s eyes scanned the faces. Where was the enemy? And now, at the opposite end of the table, he noticed, for the first time, a figure almost concealed behind the stout form of Mr. Small. It was Klein. The two men’s eyes met. It was only for a fraction of a moment, but it was long enough. In the concentrated gaze of the Alsatian there was neither hatred nor vindictiveness, but only determination. The two wills were in conflict, and this time Sir Matthew knew he had met his master. In that instant he made up his mind. “Gentlemen”--his voice was calm, his bearing unruffled; the old habit was as strong as ever, he drew down his cuffs and leaned easily on the table, spreading out his fingers--“I have a very short personal statement to make. You are perhaps unaware that I have been for many years connected with the firm of Blum & Co.; in fact, I was the original founder of the business in which for a considerable period Lord Milford’s nephew, Lord Reginald Dumbarton, was also partner.” Sir Matthew paused a moment and smiled towards his neighbour. “For some years my interest has been confined to a sleeping partnership; I have been completely ignorant of the details of the business. While I need hardly tell you that the situation in which I find myself is very trying, I support Lord Milford’s suggestion that the affairs of the firm shall be investigated and that Mr. Maurice Blum shall be summoned before you. But in these circumstances I have to inform you with great regret that I shall immediately place my resignation of the chairmanship in the hands of the Prime Minister. Gentlemen, may I, as my last act before leaving the chair, propose that, pending the appointment of a new chairman by the Government, Lord Milford shall take my place.” Bowing slightly to right and left and gathering up his papers, Sir Matthew walked with a dignified step to the door and disappeared. III. WAR WORK