"They've gone off with the treasure," he said, slowly.

"Also," continued Tredgold, "this is not Bowers's Island. I can see it all now. They've only taken the map, and now they're off to the real island to get the treasure. It's as clear as daylight."

"Broad daylight," said Stobell, huskily. "But how did they know?"

"Somebody has been talking," said Tredgold, in a hard voice. "Somebody has been confiding in that honest, open-hearted sailor, Captain Brisket."

He turned as he spoke and gazed fixedly at the open-mouthed Chalk. In a slower fashion, but with no less venom, Mr. Stobell also bent his regards upon that amiable but erring man.

Mr. Chalk returned their gaze with something like defiance. Half an hour before he had expected to have been killed and eaten. He had passed a night of horror, expecting death every minute. Now he exulted in the blue sky, the line of white breakers crashing on the reef, and the sea sparkling in the sunshine; and he had not spent twenty-five years with Mrs. Chalk without acquiring some skill in the noble art of self-defence.

"Ah, Brisket was trying to pump me a week ago," he said, confidentially. "I see it all now."

The others glared at him luridly.

"He said that he had seen us through the skylight studying a paper," continued Mr. Chalk, shaking his head. "I thought at the time you were rather rash, Tredgold."

Mr. Tredgold choked and, meeting the fault-finding eye of Mr. Stobell, began to protest.