He had not a doubt but that he understood exactly what that position was.
"You have perhaps heard," Laverick continued slowly, "that my late partner, Mr.Morrison,--" "Late partner ?" the manager interrupted.
Laverick assented.
"We had a few words last night," he explained "and Mr.Morrison left the office with an understanding between us that he should not return.

You will receive a formal intimation of that during the course of the next day or so.

We will revert to the matter presently, if you wish.

My immediate business with you is to discuss the fact that I have to provide something like twenty thousand pounds to-day if I decide to take up the purchases of stock which Morrison has made." "You understand the position, of course, Mr.Laverick, if you fail to do so ?" the manager remarked gravely.
"Naturally," Laverick answered.

"I am quite aware of the fact that Morrison acted on behalf of the firm and that I am responsible for his transactions.