I was about to reply, when one of the native servants of the hotel entered the room and handed Mr. Leversidge a note, which he opened. Having read it he passed it on to me.

"Good heavens! I can scarcely believe it," I heard him say softly to himself. "Read that, Mr. Collon."

The note was from the captain of the schooner Friendship, and ran as follows:—

"To J. Leversidge, Esq.,

"Pacific Hotel, Honolulu.

"Dear Sir,—

"I regret exceedingly having to inform you that the man whom you visited on board my vessel this morning was, half an hour ago, shot by a person who had evidently been awaiting his arrival in this port. The murderer is in safe custody. As I understand from him that you were, or had been until lately, his employer, I thought it my duty to at once communicate with you.

"I am, Sir,

"Yours very obediently,

"J. Bolsover."

"This is retribution with a vengeance," I said. "But who can the murderer be?"

"One of the gang who was after the pearl in Australia, I'll be bound," returned Mr. Leversidge. Then the expression on his face suddenly changed, and he seized me by the arm. "For hundreds of reasons he would be certain to carry the pearl about his person. Can the murderer have stolen it, think you?"

"We will very soon ascertain," I answered, springing from the chair into which I had just thrown myself. "Come, Mr. Leversidge, we'll be off to the boat at once. This is no time for half measures."

So saying, we seized our hats and left the hotel in search of the schooner Friendship. When we got on board we found an unusual stillness reigning. The skipper greeted us at the entrance of the companion ladder and shook us by the hand. "This is a bad business, gentlemen," he said, "and I regret that it should have happened aboard my boat."

"A very bad business, as you say," Mr. Leversidge replied. "How long ago did it happen?"

"About an hour and a half," replied the other. "It was getting dark, when a man came aboard and asked to see your friend. He was standing just where we are now, and after they had said a few words they walked aft together. They must have started quarrelling at once, for as I went down the ladder to the cuddy I heard some high words pass between them, then a shot was fired, and your friend fell upon the deck. I rushed on deck and got there just in time to seize the murderer as he was going over the side. We clapped him in irons straight away, and as soon as we had done so, set ashore for the police."