"We are coming to it, you see!" he said, and moved quickly to a spot where the eddies played closer to the shore, and the water, obstructed, encroached upon the land. By the time Mr. Narkom came up with him he had laid aside his coat and was hastily turning back the cuff of his shirt sleeve.

In another moment he had gone down the shelving bank and jumped out to where a half-submerged rock offered a footing and his arm was elbow deep in the eddying water. For a time his hand remained invisible, groping and tugging at something, then it came into view again, and Narkom could see that it held a heavy, sodden lump of something from which the water trickled in yellowish streams.

"Have a look at that," said Cleek, with an exultant laugh as he threw it over onto the bank and, dipping in his hand again, fished up another lump and sent that flying across in the wake of the other. "And there's a second to show that it isn't merely an isolated specimen."

He whirled his hand round in the water to wash it, then rose, and jumping back to the shore, began to pull down his sleeve while Mr. Narkom was inspecting the two slimy lumps.

"Don't trust the moonlight—get out your electric torch and have a good look at them. They are worth it, Mr. Narkom—the beauties. They are a rich find all right."

"Rich? Are you off your head, old man? They're nothing but lumps of common clay."

"Certainly—that is what makes them so valuable."

"Valuable?"

"To be sure," replied Cleek, serenely. "There is a lot more where they came from, and it's worth in the aggregate something like one hundred and fifty thousand pounds in gold! If you doubt that——"

Here he stopped, and, reaching round, made a grab for his hat and coat. Of a sudden the stillness of the night was broken into by a tuneless and discordant jangle of pealing bells.