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THE LOUDWATER MYSTERY
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Mr. Flexen guessed that the other things were threats to divorce Lady Loudwater.

"That would have been a very serious blow to you," he said.

"You're quite—right," said Colonel Grey.

Mr. Flexen could have sworn that he had started to say: "You're quite wrong," and changed his mind.

The Colonel seemed to hesitate for words; then he went on: "It would have been a very heavy blow indeed. You can see that for a man who enlisted in the Artists' Rifles in 1914, and fought his way up to the command of a regiment, nothing could be more painful. It would have been heartbreaking; I should have been years getting over it."

The rasp had gone out of his voice. He was speaking in a pleasant, confidential tone, and Mr. Flexen did not believe a word he said. At the least he was exaggerating the distress he would have felt at leaving the Army; but Mr. Flexen had the strongest feeling that he would have felt next to no distress at all. Again he was astonished. Colonel Grey was lying to him just as Lady Loudwater had lied. What could be their reason? What on earth had they done?

He kept his astonishment out of his face, and said in a sympathetic voice: "Yes, I can see that. And then, again, it would have been painful and very