Fagin meets Monks and is promised handsome payment if he brings about Oliver's death. Fagin reasons, however, that someone may pay to have him returned safely.

Despite Corney and Bumble's attempts to extort money from him, Monks quickly gets the upper hand and leaves with the necklace, letter and a page of the register recording Oliver's birth. Nancy cares for Oliver, promising that she will get him back to the safety of the Brownlows. Dodger, however, is aware of Nancy's betrayal, putting her in grave danger.