“And has many ships?”

“Yes.”

“And sometimes he insures cargoes?”

“And lives also for those who wish.”

“Exactly,” said Jack. “And if you were going abroad, how much would you insure your life for?”

“That depends. Are you going abroad?”

“Perhaps so.”

“I should insure myself even for the benefit of my friends, if nothing else, in that case, and I should take good care it was for a good round sum also.”

“That shows your wisdom, Mr. Redgill. But how much do you consider yourself worth?”

“Well, you and I are different persons entirely,” said Phillip, with a careless sneer. “But I should insure myself for at least £5,000.”