"But he paid away the proceeds of the pearls for his share in the Dayspring."

"He could have purchased a share for less than two thousand. The whole boat could be bought for three. She is of no great tonnage."

Chard looked puzzled. Certainly there was reason in what Carwell said, and Finland's behaviour was most inconsistent.

"I can't understand your nephew, Mr. Carwell," said the inspector. "If he is innocent, why does he not prove his innocence?"

"He will, if you give him a chance."

"I have given him every chance," said Chard, nettled by this imputation cast on his fair dealing. "He refuses to give any explanation. Moreover, if he can exonerate himself, he will have an opportunity of doing so to-morrow morning at Poldew, when he is brought before the magistrate."

"Can I see him now?"

"Certainly. Slade will take you to him. Try and persuade him to tell the truth. If he goes on as he is doing now, he will be committed for trial, and bail will be refused. The crime with which he is charged is serious, remember."

"Jack has committed no crime," said Carwell, hotly. "Let me see him."

Hardly had the old man left the office with Slade when the door was pushed open, and Captain Jacob danced in. The little man was in a furious rage, and his language, was worthy of the occasion. He swore at Chard for quite two minutes without repeating himself, and it was only when he paused for want of breath that the inspector managed to get in a word.