"Certainly," agreed the Hon. Secretary. "Two guineas. Hi, there, aft!
Where's Mr Willett?"

Other voices carried back the call, and presently the Treasurer, Mr Willett—a pursey little man with enormous side-whiskers,—came hurrying forward from the after-companion, where he had been engaged in hearing a protest from an excited disputant—a competitor in the 16-foot class— who had in fact come in last, even on his handicap, but with a clear notion in his own mind, and an array of arguments to convince others, that he was entitled to the prize. Such misunderstandings were frequent enough at Passage Regatta, and mainly because .Mr Willett, whom nobody cared to cashier—he had been Treasurer for so many years,—had as a rule imbibed so much beer in the course of the forenoon that any one argument appeared to him as cogent as any other. He seemed, in fact, to delight in hearing a case from every point of view; and by consequence it could be securely predicted of any given race in Passage Regatta that "You had never lost till you'd won."

Now, on Cai's secret recommendation the Committee had engaged the boy Palmerston—who was quick at sums—to stand by Mr Willett during the forenoon and count out the cash for him. The Treasurer (it was argued) would be suspicious of help from a grown man; whereas he could order a boy about, and even cuff his head on emergency. So Palmerston, seated by the after-companion, had spent a great part of the morning in listening to disputes, and counting out money as soon as the disputes were settled. Nor was objection taken—as it might have been at more genteel fixtures—to a part of the prize being produced from Palmerston's mouth, in which he had a knack of storing petty cash, for convenience of access—and for safety too, to-day, since he had discovered a hole in one of his pockets.

Mr Willett then, rising and cutting short an altercation between two late competitors in the 16-foot race, came hurrying forward with Palmerston, ever loyal, in his wake. For the boy, without blaming anyone, anxious only to fulfil a responsibility that weighed on him, was aware that Mr Willett—whether considered as a man or as a treasurer— had taken in overmuch beer, and might need support in either capacity or in both.

But while Mr Willett advanced, in a series of hasty plunges,—as though the Committee vessel were ploughing the deep with all sail set,—voices around Mrs Bosenna had already begun to call for a speech; and the cry was quickly taken up from the many boats overside, now gathered in a close throng.

"A speech! a speech!"

Mrs Bosenna laughed, and turned about prettily.

"I did not bargain for any speech," she protested. "I—in fact I never made a speech in my life. If—if Captain Hocken would say a few words—"

"Ay, Cap'n," exhorted a voice, "speak up for her, like a man now!
Seems to us she've given you the right."

There was a general laugh, and it brought a heightened flush to Mrs Bosenna's cheek. Cai, not noting it, cleared his throat and doffed his tall hat. "Here, hold this," said he, catching sight of Palmerston, and cleared his throat again.