Wilfrid Desert tell Michael Mont that he is madly in love with Fleur and will take her away from him if the chance arises. Fleur tells her husband that he has nothing to worry about but she continues her flirtation with Wilfrid and seems to like the attention. Soames raises the issue of children with his daughter Fleur but she doesn't think there's any hurry. At the insurance company, Soames insists that they drop all foreign investments as he is convinced there will be a major downturn. He convinces the Board to withdraw from European investments given the uncertain political climate there but has his suspicions about the managing director, Elderson. His instincts prove correct. Meanwhile, Bickett's beautiful wife Victorine visits Michael Mont to see if her husband could possibly give him his job back. He can't, but finding her attractive refers her to an artist friend, Aubrey Greene, as a model. Being a Socialist, he also seeks out Bickett to see what he might be able to do for him.