The car moved in through the gates. The two men stood underneath the tree, talking in low tones. The children could hear every word.

“This is as safe a place as anywhere in the kingdom,” said Mr. Diaz. “See that tower? Well, the boat can hang about right out of sight till we light a signal in the tower. Then it can come slipping in, and nobody will ever know. We shall be copying the old smugglers, Luiz - but our goods are not quite the same! Ha, ha!”

Luiz laughed too. “Come on,” he said. “I want to see the place. When are the dogs coming?”

Mr. Diaz murmured something that the children couldn’t hear, and the two went off round the walls of the Old House’s garden. The children, who had hardly dared to breathe whilst the men had stood beneath the tree, looked at one another in the greatest excitement.

“Did you hear?” whispered Mike. “They’re going to use a boat - and put a signal into the tower! It’s just like the old days!”

“But are they smugglers then?” asked Nora, puzzled. “And what are the ‘goods’ they spoke of?”

“I don’t know,” said Mike. “But I’m jolly well going to find out. This is about the most exciting thing that has happened to us since we ran away long ago to our secret island!”

“I love adventures,” said Jack. “But look here - we’ve got to be jolly careful of these people. If they think we even guess that they’re up to something, there’ll be a whole heap of trouble for us!”

“We’ll be careful,” said Nora, and she began to climb down the tree. “Come on! I’m tired of being up here.”

“Nora! Don’t be an idiot!” whispered Jack, as loudly as he dared. “Come back - we haven’t looked to see if it’s safe to get down!”