Allan took a turn on the deck, and surveyed the wreck critically from stem to stern.

“Not much of a vessel,” he said; “the Frenchmen generally build better ships than this.”

Midwinter crossed the deck, and eyed Allan in a momentary silence.

“Frenchmen?” he repeated, after an interval. “Is this vessel French?”

“Yes.”

“How do you know?”

“The men I have got at work on the yacht told me. They know all about her.”

Midwinter came a little nearer. His swarthy face began to look, to Allan’s eyes, unaccountably pale in the moonlight.

“Did they mention what trade she was engaged in?”

“Yes; the timber trade.”