'Tell me when to turn in,' she said, as they left the shelter of the headland, and the cool briny air fanned their cheeks.

The water was rougher, and the little boat danced upon the swell as they rounded the outlying rocks. Estelle was on the look-out for dangers, but Marjorie understood her business too well, and they glided along without even grazing a single jagged point. The gulls, startled from their perch on the heights by the approach of the boat, rose, flapping and shrieking. It seemed as if hundreds were circling about the rocks, only to settle down again as the little skiff drew away from them into the bay.

Estelle's quick eyes saw the great gap in the cliffs as they came nearer to the shore. It was forty or fifty feet above the beach, and from it a small stream of water flowed in a thin shower.

'That is the place Alan spoke of,' said Marjorie, as her cousin pointed to it. 'There are all sorts of stories about it, but I don't believe anybody knows much. Some say there used to be a passage to it from our old ruined summer-house, and smugglers were hauled up, and their treasure too, and nobody could find out what became of them.'

'It seems a tremendous height,' said Estelle, in a tone of awe.

'It was only used at high tide,' said Alan. 'There were the caves down below when the water was out. But here we are,' he added, as Thomas ran the boat up the beach. 'Come along, and I will show you the only cave worth looking at.'

The children were out of the boat in a moment, Georgie alone remaining behind the others to 'lend a hand,' as he called it, though hindering rather than helping Thomas to pull the boat out of reach of the tide.

'I can't think, Alan,' said Marjorie, when they had gone some way up the beach, 'how you could give yourself away to Thomas so.'

'What do you mean?' asked Alan, flushing, and inclined to be angry.

'About the path, of course. If there is one, and if he really believes that you intend to hunt for it, he is as likely as not to put all the hindrances he can in your way.'