Samuel has come home: also grown up. At a Bank party – quite unthinkable under Mr Harris - William confides to Samuel that his goal in 5 years is to be richer than any one in the room. Beaumont has convinced Simmons to have his new ship built with Frazers who tells Elizabeth that it is the last ship Frazers will be building for him. He tells Elizabeth that Beaumont threatened to take away his support if he had the ship built in another yard. On hearing this, she declares to Beaumont that she is dining with Mr Harris tomorrow night, 'such an upright man'! She leaves taking William with her. Later Samuel tells Letty about this and that within 5 minutes all the other guests had left as well.