ord."

"Say, fellows, we are sure having a fine time out of this holiday,"
remarked Billy presently, after an interval of silence.

"Yes, but just the same I shan't be sorry when Mr. Juke's new liner is
completed and we can go to sea again," said Jack, "but after our
experiences up north, among the ice, I think we had a holiday coming to
us."

"That we did," agreed Noddy. "Some difference between skimming around
here in a fine yacht and being cast away on that wretched island with
nothing to eat and not much prospect of getting any."

"Yes, but if it hadn't been for that experience, and the ancient
treasure we found, we couldn't have taken such a jolly vacation," argued
Jack. "It's made Uncle Toby a rich man and put all of us on Easy
Street."

"Yes, it was certainly worth all the hardships we went through," agreed
Noddy.

"I guess we are in for a long spell of quiet now, though," remarked
Jack, after a pause, during which each boy thought of their recent
adventures.

"Not so sure of that," replied Noddy. "You're the sort of fellow,
judging from what you've told us, who is always tumbling up against
something exciting."

"Yes, I feel it in my bones that we are not destined to lead an
absolutely uneventful time----" began Billy Raynor. "I--hold hard there,
Noddy; watch yourself. Here comes another yacht bearing down on us!"

Jack and Billy leaped to their feet, steadying themselves by clutching a
stay. Billy was right. Another yacht, a good deal larger than their own,
was heading straight for them.

"Hi! put your helm over! We've got the right of way!" shouted Jack,
cupping his hands.

"Look out where you're going!" cried Billy.

But whoever was steering the other yacht made no motion to carry out the
suggestions. Instead, under a press of canvas, she kept directly on her
course.

"She'll run us down," cried Noddy. "What'll I do, Jack?"

"Throw her over to port lively now," sang out Jack Ready. "Hurry up or
we'll have a bad smash-up!"

He leaped toward the stern to Noddy's assistance, while Billy Raynor,
the young engineer, did the same.

In former volumes of this series the previous adventures of the lads
have been described. In the first book, devoted to their doings and to
describing the fascinating workings of sea-wireless aboard ocean-going
craft, which was called "The Ocean Wireless Boys on the Atlantic," we
learned how Jack became a prime favorite with the irascible Jacob Jukes,
head of the g