Austin admitted that he was, and after a glance at the letter turned round and saw that Muriel Gascoyne, who sat close by, was watching him with a curious intentness. Then he once more fixed his attention on the paper in his hand.

"S.S. Cumbria" was written at the top of it, and there followed a description of the creek, and how the steamer lay, as well as the cargo in her holds. Then he read: "I'm beginning to understand why those wrecker fellows let up on the contract, though they hadn't the stake I have in the game. There are times when I get wondering whether I can last it out, for it seems to me that white men who work in the sun all day are apt to drop out suddenly in this country. I make you and Mr. Pancho Brown my executors in case of anything of that kind happening to me. If you come across anybody willing to take the Cumbria over as a business proposition, do what you can, on the understanding that one-third of the profit goes to Miss Gascoyne, the rest as executors' and wreckers' remuneration. I don't know how far this statement meets your law, but I feel I can trust you, any way. In case either party is not willing to take the thing up, the other may act alone."

Austin turned to the fireman. "You have another letter for Mr. Brown?"

"Yes, sir," said the man. "Mr. Jefferson——"

Austin, who heard a rustle of feminine draperies and what seemed to be a little gasp of surprise or alarm, made the man a sign.

"Come into the skipper's room. I've two or three things to ask you," he said. "Miss Brown, will you please hand that letter to your father?"

They disappeared into the room beneath the bridge, and it was some time before they came out again. Then Austin sent the man down the ladder with a steward to take him to Brown, and leaned against the rail. Jacinta, Muriel, and Mrs. Hatherly were still sitting there, but the rest had gone. He told them briefly all he had heard about Jefferson, and then descended the ladder in search of Brown. The latter met him with the letter in his hand, and they found a seat in the shadow of the Carsegarry's rail. Nobody seemed to notice them, though the fluttering dresses of the women brushed them as they swung in the waltz.

"You have read it," said Austin. "What do you think?"

Pancho Brown tapped the letter with the gold-rimmed glasses he held in his hand.

"As a business proposition I would not look at it. The risks are too great," he said.