My friend the Man was very kind, and introduced me as the Captain, saying I had just run down from Aldershot. I didn't know where Aldershot was, but had no manner of doubt that he was perfectly right. As a rule, indeed, grown-up people are fairly correct on matters of fact; it is in the higher gift of imagination that they are so sadly to seek.

The lunch was excellent and varied. Another gentleman in beautiful clothes--a lord, presumably--lifted me into a high carved chair, and stood behind it, brooding over me like a Providence. I endeavoured to explain who I was and where I had come from, and to impress the company with my own tooth-brush and Harold's tables; but either they were stupid--or is it a characteristic of Fairyland that every one laughs at the most ordinary remarks? My friend the Man said good-naturedly, "All right, Water-baby; you came up the stream, and that's good enough for us." The lord--a reserved sort of man, I thought--took no share in the conversation.

After lunch I walked on the terrace with the Princess and my friend the Man, and was very proud. And I told him what I was going to be, and he told me what he was going to be; and then I remarked, "I suppose you two are going to get married?" He only laughed, after the Fairy fashion. "Because if you aren't,"

I added, "you really ought to": meaning only that a man who discovered a Princess, living in the right sort of Palace like this, and didn't marry her there and then, was false to all recognised tradition.

They laughed again, and my friend suggested I should go down to the pond and look at the gold-fish, while they went for a stroll.

I was sleepy, and assented; but before they left me, the grown-up man put two half-crowns in my hand, for the purpose, he explained, of treating the other water-babies. I was so touched by this crowning mark of friendship that I nearly cried; and thought much more of his generosity than of the fact that the Princess; ere she moved away, stooped down and kissed me.

I watched them disappear down the path--how naturally arms seem to go round waists in Fairyland!--and then, my cheek on the cool marble, lulled by the trickle of water, I slipped into dreamland out of real and magic world alike. When I woke, the sun had gone in, a chill wind set all the leaves a-whispering, and the peacock on the lawn was harshly calling up the rain. A wild unreasoning panic possessed me, and I sped out of the garden like a guilty thing, wriggled through the rabbit-run, and threaded my doubtful way homewards, hounded by nameless terrors. The half- crowns happily remained solid and real to the touch; but could I hope to bear such treasure safely through the brigand-haunted wood? It was a dirty, weary little object that entered its home, at nightfall, by the unassuming aid of the scullery-window: and only to be sent tealess to bed seemed infinite mercy to him.

Officially tealess, that is; for, as was usual after such escapades, a sympathetic housemaid, coming delicately by backstairs, stayed him with chunks of cold pudding and condolence, till his small skin was tight as any drum. Then, nature asserting herself, I passed into the comforting kingdom of sleep, where, a golden carp of fattest build, I oared it in translucent waters with a new half-crown snug under right fin and left; and thrust up a nose through water-lily leaves to be kissed by a rose-flushed Princess.