"I don't think!—I know it!"

No one got anything more out of the speaker, who, presently, declining stewed mutton, whose wholesome savour amply certified to the moral character of the trawler's skipper, went to the Wireless and dispatched a pithy message to the Commander of E-131's particular Coast Defence station, and the news was flashed to Whitehall, to go forth ere long from thence over the world.

Sir Roland said, with that unwonted cloud dulling his bright eyes, and a certain huskiness of utterance:

"There's no other solution of the puzzle. Remembering that I had said to him, 'In an emergency, you might do good service to your country by destroying this!' my Scout took the only course open to him—and dumped the satchel into the sea!"

The Minister admitted with characteristic reticence:

"Whether I concur with your theory or not, I must admit to you that the report received specifies that the strap had been cut. 'Hacked through' is the actual expression—and the back of the leather outer case scratched as though by a knife."

"It is vital that I should examine the strap and see those scratches!"

The Minister answered:

"To-morrow morning by twelve o'clock—I can obtain you an opportunity. The recovered valise, or wallet, or satchel, will be brought up to the Admiralty by the officer commanding E-131. She has not yet arrived in harbour. But the Commander will doubtless receive instructions as soon as he reports himself." He continued, gracefully ignoring his previous statement that the Government had decided not to interfere: "In the absence of the Earl of Clanronald, now yachting in Northern waters, it is obligatory that the War Office should take the matter in hand."

The very tall stranger had wheeled, and advanced to Sir Roland with a smile and an outstretched hand of greeting. We know how great a heart beat in its pulses. Its short, hard grip spoke sympathy and understanding, though the voice was harsh and the light grey eyes stared out of the brick-burned, heavily-moustached face with the old sagacious, indomitable regard. He said after a word or two had passed, the Admiralty Secretary temporarily occupying the attention of the War Minister: