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"Oh my, yes," replied Fiona. And then she picked up a riding crop and gave Angela's vulnerable bottom a strike for failing to add Mistress to her question. She kept the chain moving until Angela's torso was horizontal. "Quite a few. I like to freshen the club's inventory annually for the members."

Fiona stood beside Angela and ran her hand down the slave's back, enjoying the silky softness of the former mistress who she now owned a piece of. "Cedric's place always has the most beautiful merchandise but it's rarely athletic enough. Speed and endurance are also important qualities in my ponies and I have always looked elsewhere in the past for that.

Angela knew that she should be used to the way that people talked around here. Fiona had just described girls as merchandise. A little earlier, she referred to them as inventory. She thought she would never quite get accustomed to thinking of other humans in those terms.

Fiona crouched down on one knee and observed the perfectly formed, large breasts which were dangling beneath Angela's chest. She stroked the full outer swell of the one closest to her. "But I guess we can give up a little speed at the club for awhile while I entertain myself with these."

She gripped the breast at the base and drew her fingers downward toward the nipple. She repeated this several times, enjoying the texture of the beautiful mound. "Did you nurse your children?"

Angela fidgeted slightly as the woman toyed with her breasts. "Yes, Mistress."

Fiona continued her actions on the breast, almost as if she was milking the slave. "I don't suppose you are still lactating?"

Angela gasped at the question. "No, Mistress. I'm not."

"Pity," remarked Fiona as she shifted her attention to the other breast, squeezing and stroking and tugging on the firm orb. "That can be corrected, though. I'll have to talk to Cedric about having my vet take care of that."

This brought a fresh gasp to Angela's lips. She couldn't believe the woman could even consider doing something like that. Then again, this woman specialized in treating other women like livestock. If she could treat them as ponies, she was probably capable of treating them like cows. Angela shook her head, trying to clear the thought from her mind.

"What's the matter, pretty pony?" asked Fiona as she continued her milking action. "You don't like the idea of feeding me from your udders?"

Angela shook her head again. "No, Mistress. I don't like that idea at all."

Fiona laughed and stood up again. "We'll see. I'll have to try to get you out on the track first before I'll know how you will fit in at the club."

The mistress moved behind the former mistress and gripped her bottom cheeks, prying them apart. This drew another gasp from Angela but there was no way to escape the indignity without dislocating her shoulders. Angela felt a fingertip circling her asshole and shuddered.

"Has anything ever been in this tight little spot?" asked Fiona as she pressed her fingertip against the center of the little sphincter.

Angela groaned, more from the question than from having her little pucker toyed with. "Yes, Mistress."

"Oh good," Fiona said. "Because that's where your tail goes. Sometimes new ponies are a bit skittish about that." Fiona pushed harder in the center of the pink rosebud until finally it yielded. She only let her fingertip inside because she had not lubricated it but she wiggled it back and forth, drawing another gasp from the bound beauty.

"I know a bit about your story," Fiona continued. "Part of it came out while we were negotiating. Why don't you tell me everything from when you left the island after I met you six months ago. That was the last time I saw you."

Angela drew in a deep breath and nodded. "Yes, Mistress. But could you let my arms down? It's starting to hurt."

"Oh, poor little pony," replied Fiona with a touch of mocking in her voice. "Yes, I'll let you down if I like the story."

Angela groaned as she heard the response. The strain in her shoulders was becoming increasingly painful but she started to tell the story of her enslavement. She described how Ricardo had tricked her and enslaved her. She told about the mercenary raid and how Ricardo had been killed. And she told Fiona about how the mercenaries had flown the girls that they liberated from Ricardo to Morocco and sold them. "They even tattooed a number on me!" she said indignantly.

"Yes, I'm looking at it now," was Fiona's reply. "At least it was tastefully done. Some places do an awful job."

Angela felt Fiona remove her finger from her little pucker and rub it lightly across her perineum where the serial number was tattooed. "You look much better as a slave than you did as a mistress. I even thought that when I first met you. I would have bought you in a heartbeat that weekend if you had been for sale. Instead, I ended up with that busty blonde who can hardly even pull a cart."

Fiona slid her finger lower and traced Angela's labia which were slick with her arousal. "Cedric said something about summoning you when he wants you and renting you to your family the rest of the time. How does that work?"

"Oh god," groaned Angela. She had left out the part about her family and had been hoping to avoid that altogether. That was probably the most embarrassing part of her current situation these days.

"Cedric is my owner, Mistress," Angela responded. "But he did not want me to lose my family or the rest of my life. So he rents me to my family for one dollar per year."

Fiona pushed a finger between the juicy folds of Angela's sex and started to slowly stroke in and out of her. "I see. So they know all about you being a slave now?"

Angela sucked in her breath again as the finger started to send unwanted thrills through her captive body. "Yes, Mistress. They know everything."

"Everything?" asked Fiona with a little bit of disbelief in her voice. "So does that mean that they'll know about me owning a piece of your precious little body?"

Angela felt her face blushing at the question. "Yes, Mistress; probably. Cedric seems to keep my husband very well informed. He even sometimes sends him video of me when I am on the island. I was surprised at how much he knew the last time I got home."

"I see," nodded Fiona. "And what do your children know? You have two if I remember correctly."

"Yes, Mistress. I have two children. And they know everything also," replied Angela. It was becoming harder to concentrate as Fiona kept adding fingers to her sex. It felt like three fingers were now stretching her widely.

"How interesting," remarked Fiona. She was surprised at how wet Angela was, especially considering how uncomfortable she must be both with the bondage and with the conversation topic. She truly was meant to be a slave and Fiona looked forward to enjoying this marvelous girl.

The mistress put all of her fingers together along with her thumb and started pushing into the vulnerable girl. Angela was groaning as she felt her sex being stretched wider and wider by the intruding hand. This was not the first time she would be fisted but she never enjoyed it. The act was so demeaning in her mind and it always served as a reminder that her body no longer belonged to her. Angela couldn't believe that this woman who she used to think of as a friend could do something like this.

Fiona finally worked her entire hand into the groaning woman's sex. It was amazing that she had been able to do that with no extra lubrication. This woman was truly a treasure. Then she continued her questioning as her fingers roamed and explored inside of her temporary slave.