Ukridge reveals that Hank Philbrick, an old friend from Canada has made it big, and has been persuaded by Ukridge to buy an English country house; Ukridge has contracted with an agent, who will split the hefty commission with Ukridge.
Ukridge informs us of his friend Hank Philbrick's newfound wealth and his decision to purchase an English country house.  He has hired an agent to facilitate the sale, which will result in a significant commission for Ukridge.