"Another ship?" asked Ludwig.

"Yes," replied von Sperrgebiet. "One of their cursed Armed Merchant Cruisers." He bent over the chart table for a minute and gave an order to the helmsman.

"A fresh attack?" queried the Second-in-Command eagerly.

Von Sperrgebiet returned to the periscope. "When you have been at this work as long as I have," he replied, "you will find it healthier not to meddle with Armed Merchant Cruisers. They are all eyes and they shoot straight. No, for the time being our glorious work is done, and we shall now depart from a locality that is quickly becoming unhealthy." He glanced at the depth gauge and thence to the faces of the crew who stood waiting for orders.

"The gramophone," he called out harshly. "Switch on the gramophone, you glum-faced swine…. Look sharp! Something lively…!"

* * * * *

At seven minutes past three in the afternoon, Cecily Thorogood, that very self-possessed and prettily-clad young woman, was seated in a deck-chair on the saloon-deck of a 6,000-ton liner; an American magazine was open in front of her, under cover of which she was exploring the contents of a box of chocolates with the practised eye of the expert, in quest of a particular species which contained crystallised ginger and found favour in her sight.

At nineteen minutes past three Cecily Thorogood, still self-possessed, but no longer very prettily clad, was submerged in the chilly Atlantic up to her shoulders and clinging to the life-line of an upturned jolly-boat. To the very young Fourth Officer who clung to the boat beside her with one arm and manoeuvred for a position from which he could encircle Cecily's waist protectingly with the other, she announced as well as her chattering teeth would allow that she

(a) was in no immediate danger of drowning;

(b) was not in the least frightened;