"We'll go and see what Phil has to say about it," said Jacob.
The skipper of the "Heron" was dozing on his bunk when they roused him.
"What do you want?" he growled. "Cannot you let a fellow have a decent night's rest?"
"You'll not rest much when you hear what has happened," said Jacob.
"Then keep the news till morning," replied Phil.
"It is not the sort of news to keep. We must act at once. Sit up and listen. The black pearl has been stolen."
Phil Danks was wide awake now, and sprang out of his bunk.
"What's that you say?"
"The black pearl has been stolen," said Jacob.
"It is quite true," said Jack, showing the empty case, and proceeded to explain how he discovered his loss.