"And what is your private opinion about Hamerton?"

"My private opinion is this," said the lieutenant-commander slowly: "Hamerton is as much alive as I am. For some reason, inexplicable as far as we are concerned, the Germans are concealing his identity and that of his friend Detroit. That's the opinion of almost every thinking man, woman, and child in the British Empire and in the United States. And yet, what is the result of the joint Ambassadors' Note? Dust in their eyes. And the worst part about the whole business is that the affairs of state are in the hands of a few weak-kneed, peace-at-any-price individuals, who believe that the German is our best friend. I suppose I've said more than I ought; but, hang it! a fellow cannot always keep his feelings bottled up. You're going back with the yacht, I presume?" he added.

"Yes; I am expecting to get another 'scoop'—some startling news—but it looks like a fizzle out."

"If I could have my way I would put you ashore at Harlingen. You could easily get to Delfzyl by train. Then you could assist Smith in working the yacht out to sea, and we would be cruising about ready to drop on S174 should she try any of her little tricks. Then you might have a 'scoop'. But orders are orders, and one-eyed Nelsons who could deliberately ignore signals are not to be found in the navy of to-day."

Just then the look-out reported land on the starboard bow.

"The Frisian Islands," remarked the lieutenant as he made his way to the bridge. "Another two hours will bring us within sight of Rottum—that's the Dutch island nearest to the German island of Borkum. We'll go a little way out of the direct course and let our friend S174 know that there is such a thing as a White Ensign."

"Is that Borkum?" asked Stirling of the sub-lieutenant, pointing to a low-lying island, apparently occupied by a few cottages on the side and a row of sandhills.

"Aye; looks harmless enough. Tucked away on the lee side of those dunes is a regular hornet's nest of torpedo craft. Batteries, too, everywhere, and jolly well masked."

"Don't you think it somewhat remarkable that a destroyer should be sent from Heligoland to watch the movements of my friend's yacht when Borkum is so much nearer?"

"I do; but questions have been asked and have been answered—after a fashion. The powers that be seem satisfied, and we have to accept the situation. It's galling, but——"