It penetrated the ears of two men who were riding quietly in the bush that lay beyond the rocky plateau which formed the base of the cliffs.

"What's that?" exclaimed the elder to the youth who rode at his side.

"Sounds like a cheer," replied the youth. "Who can it be—traps?"

Turning their horses' heads, they rode swiftly but silently to the edge of the scrubby timber which they were traversing. Halting just within the bushy barrier, they parted the leaves, and there, perched high up the cliff's side, were four youthful forms—the band of cave explorers.

"Now, boys, we'll go back an' have another look round before we leave. Might find something belonging to Ben Bolt worth carryin' away. We can easily get out on this side, and cross the spur a little higher up, where the cliff runs out. 'Twon't take long neither! I say—won't we have a yarn to spin to-night!"

But the unexpected is yet to happen. The company retraced their steps to the cave, and did a little exploration; finding nothing, however, but a couple of leather mail-bags and some opened letters—the remains of coach-robbery spoils.

"This is the last one, mates," remarked Sandy, as the group entered the mouth of a passage. After traversing its course a little distance, it opened up into a small cave, twenty feet square. On one side of it were bunks similar to those in the other cave. While in the act of examining it, Joe fancied he heard a footfall. Stopping a moment to listen, he distinctly heard the sounds of stealthy footsteps.

"'S-s-sh-h-h, boys! Some un's followin'!"

At this startling statement the boys halted and turned round, to be confronted by two forms hardly distinguishable in the surrounding gloom. The pals gave a gasp of terror as the call peculiar to highwaymen smote their ears and they faced two weapons, levelled point blank.

"Hands up!"