A dense column of smoke was pouring from her funnel, and, judging by the size of the "bone in her teeth", she was chugging through the water at a pace that threatened overheated bearings and sundry other troubles in the engine-room.

"I reckon she's doing a good couple of knots more than the old Titania," declared Villiers, who, having been busy with the stowing of canvas, had strolled aft to watch the overhauling craft. "It's a wonder that they don't open fire on us through sheer force of habit."

"They'd like to, I don't doubt," rejoined Harborough. "I wouldn't be surprised if she suddenly ports her helm when she's abreast of us. We'll have to watch her."

"She's slowing down," exclaimed Bobby. "That's engine-trouble."

"I think not," said Harborough. "She's easing down because she knows she has the heels of us. She's letting us pilot her, but I'll bet when she sights land she'll go all out again. Right-o, Fritz, go your own gait, I don't mind, s'long as you keep clear of Nua Leha."

An hour later the look-out reported land ahead. The three peaks of Ni Telang were showing above the horizon, standing out clearly against the late afternoon sun.

Viewed from the east'ard, there was a strong similarity between the two islands, so that, apart from the Hun navigator's error in determining his position, the mistake was to a certain extent explicable.

For the next hour the Zug hung resolutely at the heels of her rival; then, apparently satisfied as to the precise locality of the goal, she increased speed, and in a blatant bullying fashion overhauled and passed the smaller and slower Titania.

The Hun bulwarks were lined with stolid-looking men whose faces looked like masks concealing a vulgar triumph. The Titania's people simply ignored them. The common courtesies of the high seas were dispensed with; there were no dipping of ensigns and exchange of signals. For all the outward notice she attracted, the Zug might have been non-existent.

There was no lowering of screens revealing a battery of quick-firers; no foaming track of a torpedo; no attempt on the part of the Hun to put his helm hard over and ram his rival. No doubt the desire to do so was present, but the fear of detection and consequent punishment was too great.