"Hold on, doctor!"

He emerged into my line of vision and with him was Pierce, his lank red face upturned to me, his lower jaw in its socket. Gray gesticulated, indicating me, and Holgate stood passively looking at me. Suddenly the ex-boatswain put his hand in his pocket, pulled out a revolver and presented at me. It was the work of a moment. Holgate struck his arm up, and the bullet whizzed past me and banged into the chart-house.

"Steady there, doctor," said Holgate. "Glad to see you. Just in time, wasn't I? Step along down there." I moved towards the ladder and descended to the lower deck, where Holgate met me.

"Difficult to keep our respective men in hand, isn't it, doctor?" he said with a quizzical look. "But I won't have any firing on a flag of truce any more than you. You and I keep to the code of honour."

I could have sworn that the piece of comedy which had just been performed had been his. I knew for certain now that it was his jest, this crude and savage joke that was on the margin of tragedy, and might have gone over the border. But what would he care, this infamous man of astute intelligence, cold, cunning, and ruthless determination? His eyes twinkled, and he laughed now so as to disclose his abominable fang.

"We are now quits, eh, doctor?" he said. "His Royal Highness would have had me but for you, and now Pierce yonder would have potted you but for me. I like honourable warfare," he chuckled.

"Well," said I cheerfully, for I was resolved to take him in his own way, "then the Prince's offence is wiped out. He is forgiven."

"Oh, there's nothing to forgive about the Prince," says Holgate indifferently. "I don't want him. I want his safe. What's a Prince or two?" He looked at me narrowly. "Shall we get to business? Changed your minds?"

"There's not the slightest chance of that," I answered. "You may set that on record."

"Say, I will," said he, unexpectedly turning, and called out, "Pierce, Gray, come here. Just listen to the whoop our cockerels give up there. Now, doctor, spit it out."