Five boats! And the Zephyr and the Butterfly would make seven!

"You have done this!" exclaimed Frank, as Mr. Walker approached.

"Your father and I together did it. Now, boys, if you will form a ring
we will explain."

"Three cheers for Mr. Walker first," suggested Tony.

They were given, and three more for Captain Sedley.

"My lads, I heard all about your giving up the fleet to help Mr. Munroe
out of trouble. It was noble--heroic, and I have since taken pains to
inform myself as to the manner in which you conducted yourself after the
brave sacrifice. As far as I can learn, not a regret has been expressed
at the mode in which your money was applied. Here is your reward," and
he pointed to the boats. "They are the gift of Captain Sedley and
myself. I am sorry that these Rovers have taken your other boats; but it
enables us to observe the difference between good boys and bad boys.
Nay, Master Hardy, you need not blush; for, though you have erred, you
have behaved heroically; you risked your life to escape from them; you
are forgiven."

This speech was received with shouts of applause, and Charles Hardy
stepped forward with tears in his eyes to thank the kind gentleman for
his generosity towards him.

"Now, boys," said Captain Sedley, "we are going to recover the lost
boats."