"My goodness!" exclaimed the Head, his ears assaulted by the outburst. "Daw—is that you? And what is the meaning of this?"

"I'll tell you what it means," said Jack trenchantly. "This man here is in league with a couple of kidnappers and thieves, and we're holding him for inspection. You'd better telephone to the police, sir. His friends are out on the bay with a couple of revolvers and a damaged motor-boat."

"It's a lie," roared Daw, accompanying the words with a few vile adjectives.

"That will do, Daw," said the Head coldly. "There is no need to swear like that—even if this charge is a false one. Surely you can make some explanation. I cannot believe that you are—"

"Sir," said Jack boldly, "I make no charge I cannot support some way or other. This man is dangerous, and I give you my word of honour that he should be tied up pending explanation. He must not be allowed to escape."

There was something in the earnestness of the boy's tone that had an effect upon the Head. Daw, writhing and cursing ineffectually, was not a sight calculated to inspire one with a sense of his innocence. Patch settled the question by producing the revolver and holding it to Daw's head, while the others bound his hands and feet.

"This must be explained," said the Head grimly. His eyebrows had gone up at the sight of the revolver, but its effect had been to lend colour to a somewhat fantastic story. "I was seeking a little relaxation," he explained, "by a quiet hour of reading, being unable to sleep. I am interrupted—but come into my study."

In the study, accordingly, the full story was told, and the Head was vastly surprised. Jack withheld nothing—even describing the various nocturnal excursions that the Star had necessitated. The adventure of the Indian hawker and the substitution of a dummy for Billy in the Upper Fifth class, however, he deemed it advisable to suppress.

"You have been very frank, my boy," said the Head approvingly, "and I quite believe your story. It is a thing that I never imagined would happen at Deepwater—it seems, you must admit, utterly far-fetched. No doubt you would have been well advised to have made a confidant of myself or one of your masters at an earlier stage, but I am glad that everything has turned out for the best. The only thing that remains is the apprehension of those two criminals on the boat."

"It is nearly daylight, sir," said Patch. "If you were to ring up the police-station at Windsor, no doubt the police could prevent the escape of the men!"