Vainly the Associated Republic proposed arbitration, but arbitration is no good when an enemy is hammering, and hammering very forcibly, at one's gate. And the Asiatics still remembered with bitterness that the fruits of victory in times past had been taken from them by certain European Powers whom they could now ignore with impunity.

Even had she wished, Great Britain could not have intervened with armed force against Hondo on behalf of the Associated Republic. For one thing, she had not a sufficient fleet to operate with any likelihood of success in the distant Pacific. For another, Great Britain had no desire to make war, either on Hondo or any other nation, without good and just cause; and in the present instance there was none.

Now that the war clouds had dispersed, Lieutenant Peter Corbold began to ponder over his position. Taken back into the Royal Navy owing to the Rioguayan war, he was now faced with the possibility of having to "go on the beach" once more. It was not for pecuniary reasons that the prospect worried him. Apart from his share in the award by the Government for the "Strong anti-aircraft ray apparatus", he knew that, if necessity arose, he could exploit the Rioguayan diamond mine that Uncle Brian and he had discovered.

He was a sailor by inclination and instinct. The call of the Five Oceans was irresistible. The sea with its changing moods was an attraction that would never pall. And under the White Ensign, a life afloat was at its very best. It was bad enough, Peter reflected, to have been chucked out of the navy once. To have to repeat the experience was almost unbearable.

Following the signing of peace between Great Britain and Rioguay, the Rebound, Repulse, and Retrench, together with a number of light cruisers and destroyers, were ordered home. The Royal Oak was to remain for the present as Flagship to the South American squadron with its base at San Antonio.

On the afternoon prior to the day fixed for the departure of the homeward-bound warships, Peter was again ordered by signal to report on board the Royal Oak.

"That means a telling off," he remarked to Cavendish. "I'm going to get it hot over that Don Ramon business."

"'Fraid so," agreed Cavendish. "To tell the truth, old thing, I wonder you weren't on the carpet long before this. Don't suppose I can do much, but if you want me to back you up, I'm only too willing."

Peter shook his head.

"Best keep out of it," he replied. "The Admiral can't do much, considering I'm due to get slung out any old way."