After an uneventful run the Titania arrived at Sydney, where Harborough put his plans into execution.

To him came Swaine.

"If you've no objection, sir," he began, "I'd like to make an offer for the Titania and the right to exploit the silver stunt."

"What!" exclaimed Harborough. "You're a sticker, Swaine. You haven't had enough treasure-hunting, eh?"

"Must do something to keep me out of mischief," replied Swaine. "Even with pots of money a fellow is at a loose end when he's got nothing to occupy his mind. I reckon I've more than enough of my share of the Fusi Yama gold to pay for the yacht and float a company here for the recovery of the silver."

"I'm quite agreeable," assented Harborough. "But I'll have to arrange with the others concerning the value of the yacht and the other matter."

When the idea was put before the now-dissolving syndicate, not only did they agree to let Swaine have the Titania at a reasonable sum, but O'Loghlin and Fontayne offered to join in the new venture.

Claverhouse and Trevear expressed their intention of remaining at Sydney, prior to taking up farming in New Zealand. To them Harborough advanced a sum sufficient to carry them on, pending the realization of the gold in London. Griffiths and Bell, inseparable chums, decided to try their luck at fruit-growing in Tasmania.

Pete, with a pocketful of notes that represented to him a small fortune, departed for the West Indies via Panama. He went with genuine regret, followed by the good wishes of the erstwhile crew of the Titania, who regarded him as a cheerful hard-working cook who looked after their inward needs with the utmost fidelity.

The rest of the Titania's party accompanied Harborough to England. Villiers and Bobby Beverley, acting upon Swaine's principle, formed a coastal shipping company, which not only kept them busy but gave a good return for their outlay. Within six months of his return home Dick Beverley gained tenth place in the entrance examination to Sandhurst.