"No use beating about the bush, gentlemen; I can offer you fourteen hundred a year so long as I live and hold my directorships, and not a penny more. If you can't accept that, you must make me bankrupt and get about sixpence in the pound. My qualifying shares will fetch a couple of thousand at market price. I own nothing else. The house I live in, and everything in it, barring my clothes, my wine, and my cigars, belong to my daughter under a settlement fifteen years old. My solicitors and bankers will give you every information. That's the position in a nutshell."

In spite of business habits the surprise of the ten gentlemen was only partially concealed. A man who owed them so much would naturally say he owned nothing, but would he refer them to his solicitors and bankers unless he were telling the truth? Then Mr. Ventnor said:

"Will you submit your pass books?"

"No, but I'll authorise my bankers to give you a full statement of my receipts for the last five years--longer, if you like."

The strategic stroke of placing the ten gentlemen round the Board table had made it impossible for them to consult freely without being overheard, but the low-voiced transference of thought travelling round was summed up at last by Mr. Brownbee.

"We think, Mr. Heythorp, that your fees and dividends should enable you to set aside for us a larger sum. Sixteen hundred, in fact, is what we think you should give us yearly. Representing, as we do, sixteen thousand pounds, the prospect is not cheering, but we hope you have some good years before you yet. We understand your income to be two thousand pounds."

Old Heythorp shook his head. "Nineteen hundred and thirty pounds in a good year. Must eat and drink; must have a man to look after me not as active as I was. Can't do on less than five hundred pounds. Fourteen hundred's all I can give you, gentlemen; it's an advance of two hundred pounds. That's my last word."

The silence was broken by Mr. Ventnor.