He made his way for'ard with the utmost caution, lest a rotten patch in the deck should let him down into the cavernous depths below. Everything of a portable nature had vanished from the deck, even the bridge and charthouse, badly damaged by shell-fire from the German cruiser, had gone, save for a few twisted steel girders. The jagged stumps of the masts and the base of the funnel remained, while held in a grotesque inverted position from the davits were three boats similar to the one that the grapnel had brought to the surface. The hatches of the two cargo-holds had been removed, but whether by the prize-crew or by the action of the water Swaine could not determine. As he placed one leaden-shod foot upon the steel coaming and peered into the opaque depths of one of the holds, Swaine felt himself wondering what secrets that abyss held, and whether he would be successful in his efforts to prise the treasure from the keeping of the sea.

Although he had carefully studied the plans of the scuttled ship, and knew the details of her internal arrangements by heart, Swaine made no attempt to go below. For the present his object was to examine and report upon the position and condition of the vessel, and the best means of getting at the valuable contents of the strong-room which, according to the plans, was on the main deck just abaft the after bulkhead of the engine-room.

As he neared the fore part of the ship Swaine felt his progress sensibly retarded. A part of the current that he knew from previous experience set past the two wrecks had been diverted and was sweeping diagonally across the fo'c'sle of the Fusi Yama, with a velocity of from one to two miles an hour. Right aft the current was hardly perceptible as far as the deck was concerned, but over the side the steady ripple of running water, although inaudible, was apparent by the drifting pieces of weed and kelp.

Leaving one end of a rope made fast to a bollard, Swaine came to the surface and made his report. One of the boats then pulled to the beach, paying out the line as it went. By eleven o'clock in the morning a "distance-rope" was in position between the Fusi Yama and the shore.

In the afternoon Swaine paid another visit to the wreck, this time entering the water from the beach and following the tautened rope. For half the distance his progress was fairly rapid, judging from the diver's point of view, but towards the latter end of his submarine walk he experienced considerable difficulty from the cross-current, having, in fact, to hold on tightly to prevent himself being swept away.

Close alongside the wreck, which he noticed had already sunk to her bilge-keels in the sand and mud, the current was hardly apparent, being deflected by the flare of the vessel's bows.

Examination by the aid of the portable electric lamp revealed no signs of the hull having been damaged by internal explosion. Evidently the Huns effected the scuttling by opening the sea-cocks.

Clambering on board—a fairly-easy task owing to the buoyancy of the diving-dress, which, notwithstanding leaden weights, was only a few pounds heavier than the water it displaced—Swaine made his way down the main companion-ladder.

'Tween decks a weird sight presented itself. Within the limits of the rays of the lamp he could see wooden articles of various descriptions pinned up against the ceilings. Other objects, heavier than water, lay about the deck, all covered with a slimy marine growth.

Progressing, he made his way to the strong-room. The massive door was partly open. There were indications that the complicated locks had been blown open by powerful explosives, but a temporary fastening, consisting of a steel bar secured by a large brass padlock, prevented the diver from ascertaining the nature of the contents of the room.