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gentlemen to drink another whiskey and soda to my success, and then I will leave you and retire to my virtuous couch. My confounded boat sails at six o'clock to-morrow morning, and if I don't sail in her I shall lose the society of a most estimable gentleman whom I am accompanying as far as Hong Kong. As it looks like being a profitable transaction I've no desire he should give me the slip."

      He touched the bell on the table at his side, and when the boy arrived to answer it, ordered the refreshment in question. We drank to his success in the business he was about to undertake, and then both he and McDougall bade me good-night and retired, leaving me alone in the verandah. It was a lovely evening, and as I was not at all in the humour for sleep I lit another cheroot and remained on where I was, watching the glimmering lights in the harbour beyond, and listening to the jabbering of the "ricksha" boys on the stand across the road.

      As I sat there I could not help thinking of the curious life I was leading, of the many strange adventures I had had, and also of my miraculous escapes from what had seemed at the time to be almost certain death. Only that very day I had received an offer by telegram from a well-known and highly respected firm in Bombay inviting me to undertake a somewhat delicate piece of business in the Philippine Islands. The price offered me was, in every sense of the word, a good one; but I detested Spanish countries so much that if anything better turned up I was prepared to let the other fall through without a second thought. But one has to live, even in the East, and for this reason I did not feel justified in throwing dirty water away before I had got clean.

      As these thoughts were passing through my mind I distinctly heard some one step into the verandah from the door on my right, and a moment later, to my surprise, the stout old gentleman who, half an hour or so before, I had thought so typical of an English merchant, came round the chairs towards me. Having reached the place where I was sitting he stopped, and, taking a cheroot from his pocket, proceeded to light it. During the operation I noticed that he took careful stock of me, and, when he had finished, said quietly, —

      "Mr. Collon, I believe?"

      "That is my name," I answered, looking up at him through the cloud of smoke. "Pray how do you come to be acquainted with it?"

      "I have heard of you repeatedly," he replied.

      "Indeed," I said. "And pray is there any way in which I can be of service to you?"

      "I think so," he replied, with a smile. "As a matter of fact, I have just arrived from Madras, where, hearing in an indirect way that you were supposed to be in Ceylon, I undertook this journey on purpose to see you."

      "Indeed!" I answered, with considerable surprise. "And pray what is it you desire me to do for you?"

      "I want you to take charge of what I think promises to be one of the most extraordinary and complicated cases even in your extensive repertoire," he said.

      "If it is as you say, it must indeed be a singular one," I answered. "Perhaps it would not give you too much trouble to furnish me with the details."

      "I will do so with the greatest pleasure," he replied. "If you will permit me to take my seat beside you, you shall hear the story from beginning to end. I think, then, that you will agree with me that, provided you undertake it, it will, as I insinuated just now, in all probability prove the most sensational, as well as the most lucrative, case in which even you have hitherto been engaged."

      Thereupon he seated himself beside me, and told the following remarkable story.

      CHAPTER II

      "In the first place, Mr. Collon," said the old gentleman, who had shown himself so anxious to obtain my services, "I must introduce myself to you. My name is Leversidge, John Leversidge, and I am the junior partner of the firm of Wilson, Burke & Leversidge, of Hatton Garden, Paris, Calcutta, and Melbourne. We are, as you will have gathered from our first address, diamond and precious stone merchants, and we do a very large business in the East generally; also among the Pacific Islands and in Australia. With the two last named our trade is confined principally to pearls and gold, neither of them having very much in the way of gems to offer. Still their connection is worth so much to us as to warrant us in keeping two buyers almost continuously employed; a fact, I think, which speaks for itself. Now it so turned out that some six months or so ago we received a cablegram in London announcing the fact that an enormous black pearl, in all probability the finest yet brought to light, had been discovered near one of the islands to the southward of New Guinea. It had been conveyed first to Thursday Island, which, as perhaps you are aware, is the head and centre of this particular industry in Australian waters, and later on, with a considerable amount of secrecy, to Sydney, where our agent, a man in whom we had the greatest trust, made it his business to see it on our behalf. The result was a cypher cablegram to our firm in London, to say that the jewel was, as far as his knowledge went, absolutely unique, and that in his opinion it behoved us to purchase it, even at the exorbitant price asked for it by the rascally individual into whose hands it had now fallen. This was a person by the name of Bollinson, a half-bred Swede I should say by the description we received of him; though, for my part, from the way he treated us, I should think Jew would be somewhat nearer the mark. Whatever his nationality may have been, however, the fact remains that he knew his business so well, that when we obtained possession of the pearl, which we were determined to have at any price, we had paid a sum for it nearly double what we had originally intended to give. But that mattered little to us, for we had the most perfect confidence in our servant, who had had to do with pearls all his life, and who since he had been in our employ had been fortunate enough to secure several splendid bargains for us. So, to make a long story short, when he cabled the price – though I must confess we whistled a little at the figure – we wired back: 'Buy, and bring it home yourself by next boat,' feeling convinced that we had done the right thing and should not regret it. Now, as you know, there is to be an Imperial wedding in Europe in six months' time, and as we had received instructions to submit for his inspection anything we might have worthy of the honour, we felt morally certain that the sovereign in question would take the jewel off our hands, and thus enable us to get our money back and a fair percentage of interest, besides repaying us for our outlay and our trouble. Sure enough next day a message came in to us to say that our agent had completed the sale and was leaving for England that day, not viâ Melbourne and Adelaide, as we had supposed, or viâ Vancouver, which would have been the next best route; but by way of Queensland, the Barrier Reef, and the Arifura Sea, which was longer, and, as we very well knew, by no means so safe. Then he added the very significant information that since he had had the pearl in his keeping no less than three separate and distinct attempts had been made by other people to obtain possession of it. All that, you must understand, happened eight weeks ago. I was in London at the time, and can therefore give you the information first hand."

      "Eight weeks exactly?" I asked, for I always like to be certain of my dates. Many a good case that I have taken in hand has collapsed for the simple reason that the parties instructing me had been a little slipshod in the matter of their dates.

      "Eight weeks to-morrow," he answered. "Or rather, since it is now past midnight, I think I might say eight weeks to-day. However, in this particular instance the date does not happen to be of much importance."

      "In that case I must beg your pardon for interrupting you," I said. "You were saying, I think, that your agent reported that, before he left Sydney, no less than three attempts were made by certain parties to obtain possession of the pearl in question."

      "That was so. But it is evident that he managed to elude them, otherwise he would have cabled again to us on the subject."

      "Did you then receive no further message from him?"

      "Only one from Brisbane to say that he had joined the mail-boat, Monarch of Macedonia, at that port, and would sail for England in her that day."

      On hearing the name of the vessel I gave a start of surprise, and I might almost say of horror. "Good heavens!" I cried; "do you mean to say he was on board the Monarch of Macedonia? Why, as all the world knows by this time, she struck a rock somewhere off the New Guinea Coast and went to the bottom with all hands but two."

      The old gentleman nodded his head. "Your information is quite correct, my dear sir," he said. "In a fog one night between eleven and twelve o'clock,

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