Relieved of these incumbrances, Guy struck out once more. Unknowingly he had been swimming in a vast circular direction, and gradually he was again approaching the scene of the disaster.

Suddenly, when hope seemed on the point of dying, he saw a white object a few feet ahead of him. It was the cabin skylight of the Laughing Lassie. The copper bolts which held it to the deck beams had corroded badly, and when the ketch sank the pressure of the confined air had caused the fastenings to give way, and had blown the skylight to the surface.

It was waterlogged, and floating bottom upwards. The plate glass, firmly set in fixed frames and protective iron bars, was still intact; but, owing to the heaviness of the teak and its fittings, there was very little buoyancy.

As Guy grasped the upturned edge, the skylight tilted and dipped. The lad took advantage of this to allow himself to float over the submerged side, then as the skylight resumed its former position of flotation he felt his feet touch the roof.

For the time being he was safe, and, unless cold, and exhaustion gained the upper hand, he stood a fair chance of being picked up when daylight came.

As he crouched on his frail shelter, with the water up to his neck, he began to wonder what had become of Leslie. Not for one moment did he entertain the idea that his chum had perished. No doubt he had managed to be picked up by the colliding steamer.

"It's getting beastly cold," murmured Guy, after a while. "I wonder if I could get rid of some of this water."

The sea was fairly calm. There was a slight swell, but no crested waves. If he could increase the freeboard of the water-logged skylight, so much the better.

He groped with his hands below the surface. The panes, he discovered, were intact. Cautiously treading over the roof, he also found that none of the planks appeared to be strained.

He began to bale with his palms, somewhat dubiously at first; but as the edge of the skylight began to rise higher out of the water he worked with renewed energy. The effort began to tell upon his cramped arms. Warmth and a sense of feeling began to take possession of him as he baled. In a quarter of an hour the level of the water inside the upturned skylight was several inches lower than that of the sea.