The tug's cable had scarcely ceased to rattle through the hawse-pipe when the opening shots, delivered through a megaphone, rang out across the water.

"'Ullo! Web-feet!" bellowed a raucous voice. "Yeer! Where be tu?" A roar of laughter followed this sally.

The occupants of the tug were taken by surprise. Their interests had hitherto been concentrated in the string of whalers being towed down to the distant starting-point by a picket boat. Before they could rally their forces a cross-fire of rude chaff, winged by uproarious laughter, had opened on either side. Catch-word and jest, counter and repartee utterly unintelligible to anyone outside Lower-deck circles were hurled to and fro like snowballs. Every discreditable incident of their joint careers as units of that vast fighting force, personalities that would have brought blushes to the cheeks of a Smithfield porter, the whole couched in the obscure jargon of Catwater and Landport taverns, rang backwards and forwards across the water, and withal the utmost good humour and enjoyment wreathing their faces with smiles.

The distant report of a gun sounded and a far-off roar of voices announced that the first race had started; straight-way the tumult subsided, and an expectant hush awaited the approach of the line of boats moving towards them like a row of furious water-beetles.

The race drew nearer, and ship after ship of the line took up the deep-toned roar. The names of the ships, invoked by their respective ship's companies as might the ancients have called upon their Gods, blended in one great volume of sound. The more passionately interested supporters of the crews followed the strung-out competitors in steam-boats, and added their invocations to the rest.

A rifle cracked on board the end ship of the line, and the crew of the leading boat collapsed in crumpled heaps above their oars. The race was over. On board a ship half-way down the line a frantic outburst of cheering suddenly predominated above all other sounds, and continued unabated as the rifle cracked twice more in quick succession, announcing that the second and third boats had ended the race.

A hoist of flags at the masthead of the Flagship proclaimed the names of the first three crews, dipped, and was succeeded by the number of the next race. Again the gun in the bows of the Umpire's steam-boat sped the next race upon its way, and once more the tumult of men's voices rose and swelled to a gale of sound that swept along the line, and died to the tumultuous cheering of a single ship.

A couple of hours passed thus, and there remained one race before dinner, the Officers' Gigs. The events of the forenoon had considerably enhanced the reputation of the Captain of the Forecastle as a prophet. Furthermore, the result of the Boys' Race had enriched the Ship's Painter to the extent of a sovereign. It needed but the victory of the Officers' Gigs to place the ship well in sight of the Silver Cock, which was the Squadron Trophy for the largest number of points obtained by any individual ship.

The starting-point was the rallying-place for every available steam- and motor-boat in the Squadron, crowded with enthusiastic supporters of the different crews. The Dockyard tug, with its freight of hoarse yet still vociferous sailor-men, had weighed her anchor, and moved down to the end of the line preparatory to steaming in the wake of the last race.

The Umpire, in the stern of an officious picket-boat, was apparently the only dispassionate participator in the animated scene. The long, graceful-looking boats, each with its crew of six, their anxious-faced coxswains crouched in the sterns, and tin flags bearing the numbers of their ships in the bows, were being shepherded into position. A tense silence was closing down on the spectators. It deepened as the line straightened out, and the motionless boats awaited the signal with their oars poised in readiness for the first stroke.