"That will be a rather nasty job to get right, won't it?"

"Yes, Jack, Benting says she must have a new stem altogether. He does not think the keel is damaged, but the stem is cracked right through."

"That will cost a lot, won't it?" Jack said.

"Yes, it is a nasty job, Jack; because, of course, she will want a lot of fresh planks in her. In fact, she will want pretty well rebuilding forward of the mast."

"It will cost about twenty pounds to make a good job of it," Benting said as he joined them. "I shouldn't like to take the job for less, not on contract. If I did day-work it might come to a little less or a little more, I cannot say."

Jack looked anxiously up into his uncle's face, for he knew that twenty pounds was a serious matter.

"It won't be at my expense, Jack," Ben replied to his look. "Captain Murchison came down at seven o'clock this morning and had a look at her with me. I told him yesterday that I was afraid she had damaged herself on the sand, as she had made a lot of water on her way up. He said that I was to have her examined at once and get an estimate for repairing her thoroughly, and that he would undertake it should be paid. He asked what her age was. Of course I told him she was only four years old, and that I had only finished paying off the money I borrowed when I had her built, last year. He said that as she was only four years old she was worth spending the money on; but if she had been an old boat, it would not have been worth while throwing money away on her. But Benting says he can make her as good as new again."

"Every bit," the carpenter said. "She will be just as strong as she was on the day she was turned out."

"How long will you be about it?"

"I would get her done in three weeks. I will go over to Southend by the twelve o'clock train and order the timber, and you can arrange this evening whether you will have her done by contract or day-work."