In the distant days when the Sea Services were classed apart, each in its own trade and section--working by a rule that admitted no co-partnery--we foreign traders had little to do with those whom (in our arrogance) we deemed the 'humble' fishermen. In the mists of the channel waters, we came upon them at their trawls or nets. Their floats and buoys obstructed our course; the small craft, heading up on all angles, confused the operation of a 'Rule of the Road.' Impatient of an alteration that took us miles from a direct course, we felt somewhat resentful of their presence on the sea-route. That they were gathering and loading a cargo under stress and difficulty that contrasted with _our_ easy stowage in the shelter of a dock or harbour, did not occur to us; they were obstructionists, blocking our speedy passage with their warps and nets and gear. Although most masters grudgingly steered clear, there were those in our ranks who elected to hold on through the fleets, unconcerned by the confusion and risk to the fishermen's gear that their passage would occasion. There were angry shouts and protests; the gear and nets were often the sole property of the fishermen; serious losses were sustained. At war, we have incurred debts. When peace comes and the seas are free again, we shall have memories of what we owe to the fishermen in all the varied services they have paid to us. The minesweepers toiling in the channels, that we may not meet sudden death; patrols riding out bitter weather in the open to warn us from danger, to succour and assist the remnants of our manning when a blow goes home. War has purged us of many old arrogant ways. When next we meet the fishing fleet at peaceful work in the channels, we shall recall the emotion and relief with which we sighted their friendly little hulls bearing down to protect us in a menaced seaway. We shall 'keep clear o' th' gear when th' nets is down.' [Illustration: SOUTHAMPTON WATER] VIII THE RATE OF EXCHANGE THE Bank of England official, who had been a close attendant on the bridge during the early part of the voyage, seems now to be reassured. We are nearing land again. Another day should see us safely berthed at New York, where--his trust discharged--a pleasant interval should open to him ere returning to England. The gold and securities on board are reason for his passage; he is with us as our official witness, should the activity of an enemy raider compel us to throw the millions overboard. Nothing has happened. The 'danger zone' has been passed without event. Stormy weather on the Grand Banks has given way to light airs and a smooth sea as we steer in to make our landfall.