olding him, stood trying to regain his breath. "They--
they must--have got him," he said, at last. "Have you got any of your
pistols on you?"

"You threw them all away," quavered Mr. Chalk. "I've only got a knife."

He fumbled with trembling fingers at his belt; Stobell brushing his hand
aside drew a sailor's knife from its sheath, and started to run back in
the direction of the tent. Mr. Chalk, after a moment's hesitation,
followed a little way behind.

"Look out!" he screamed, and stopped suddenly, as a figure burst out of
the trees on to the beach a score of yards ahead. Stobell, with a hoarse
cry, raised his hand and dashed at it.

"Stobell!" cried a voice.

"It's Tredgold," cried Stobell. He waited for him to reach them, and
then, turning, all three ran stumbling along the beach.

They ran in silence until they reached the other end of the island. So
far there were no signs of pursuit, and Stobell, breathing hard from his
unwonted exercise, collected a few lumps of coral and piled them on the
beach.

"They had me over--twice," said Tredgold, jerkily; "they tore the clothes
from my back. How I got away I don't know. I fought--kicked--then
suddenly I broke loose and ran."

He threw himself on the beach and drew his breath in long, sobbing gasps.
Stobell, going a few paces forward, peered into the darkness and listened
intently.

"I suppose they're waiting for daylight," he said at last.

He sat down on the beach and, after making a few disparaging remarks
about coral as a weapon, lapsed into silence.

To Mr. Chalk it seemed as though the night would never end. A dozen
times he sprang to his feet and gazed fearfully into the darkness, and a
dozen times at least he reminded the silent Stobell of the folly of
throwing other people's guns away. Day broke at last and showed him
Tredgold in a tattered shirt and a pair of trousers, and Stobell sitting
close by sound asleep.

"We must try and signal to the ship," he said, in a hoarse whisper.
"It's our only chance."

Tredgold nodded assent and shook Stobell quietly. The silence was
oppressive. They rose and peered out to sea, and a loud exclamation
broke from all three. The "_Fair Emily_" had disappeared.

[Illustration: "The 'Fair Emily' had disappeared."]

Stobell rubbed his eyes and swore softly; Tredgold and Chalk stood gazing
in blank dismay at the unbroken expanse of shining sea.

"The savages must have surprised them," said the latte