The only response from the chase was the hoisting of the red ensign, for previously she had shown no colours. Slowly, defiantly, the bunting was hauled close up, and ironically "dipped" three times.

Again and again the submarine's bow-chaser fired. The shells were well aimed as regards direction, but all fell short. Imperceptibly the merchantman had increased distance.

"Look at the fools!" Ross heard the Kapitan remark, as he kept his binoculars focused on his intended prey. "They are trying to snapshot us. Are all Englishmen so blind to peril?"

"Are you sure they haven't a couple of quick-firers mounted aft, sir?" asked the Unter-leutnant. "There are several men gathered round something on the poop."

"Himmel, I hope not!" ejaculated Schwalbe. "But no; had they any guns they would have opened fire before now. What is the matter with our gun-layer? It is about time he got a shell home."

The Unter-leutnant lowered himself on the foredeck, and shouted angrily at the seaman whose duty it was to "lay" the bow-chasers. The man again bent over the sights.

This time the shell pitched ahead of the chase, but slightly to port. Some of the spray thrown up by the projectile fell on board.

"Is that the best you can do, you brainless idiot?" shouted Schwalbe wrathfully. Now that he was in pursuit he was loath to be baffled, but at the same time he realized that the submarine was using a lot of precious fuel and a prodigious amount of ammunition without any definite result.

In the midst of his torrent of abuse directed upon the luckless gun-layer, Kapitan Schwalbe suddenly stopped. Gripping the rim of the oval hatchway he gazed, horror-stricken, at two objects bobbing in the water directly in the path of the submarine. Then, recovering his voice, he shouted to the quartermaster to port helm.

The fellow obeyed promptly, but it was too late. Practically simultaneously, two barrels swung round and crashed alongside the submarine's hull.