In the momentary respite under water Billy perceived that his situation was desperate. He would rise, he was sure, but only to renew the struggle. How long he could keep the dog off he could not tell. Until the punts came down to his aid? He thought not.

He came to the surface prepared to dive again. But Skipper had disappeared. An ejaculation of thanksgiving was yet on the boy's lips when the dog's black head rose and moved swiftly towards him. Billy had a start of ten yards—or something more.

He turned on his side and set off at top speed. There was no better swimmer among the lads of the harbour. Was he a match for a powerful Newfoundland dog? It was soon evident that he was not.

Skipper gained rapidly. Billy felt a paw strike his foot. He put more strength into his strokes. Next the paw struck the calf of his leg. The dog was upon him now—pawing his back. Billy could not sustain the weight. To escape, that he might take up the fight in another way, he dived again.

The dog was waiting when Billy came up—waiting eagerly, on the alert to continue the chase.

"Skipper, old fellow—good old dog!" Billy called in a soothing voice. "Steady, sir! Down, sir—back!"

The dog was not to be deceived. He came, by turns whining and gasping. He was more excited, more determined, than ever. Billy waited for him. The fight was to be face to face. The boy had determined to keep him off with his hands until strength failed—to drown him if he could. All love for the dog had gone out of his heart. The weeks of close and merry companionship, of romps and rambles and sport, were forgotten. Billy was fighting for life. So he waited without pity, hoping only that his strength might last until he had conquered.

When the dog was within reach Billy struck him in the face. A snarl and an angry snap were the result.

Rage seemed suddenly to possess the dog. He held back for a moment, growling fiercely, and then attacked with a rush. Billy fought as best he could, trying to clutch his enemy by the neck and to force his head beneath the waves. The effort was vain; the dog eluded his grasp and renewed the attack. In another moment he had laid his heavy paws on the boy's shoulders.

The weight was too much for Billy. Down he went; freed himself, and struggled to the surface, gasping for breath. It appeared to him now that he had but a moment to live. He felt his self-possession going from him—and at that moment his ears caught the sound of a voice.