We visited the island of Macabi, lat. 7.49.30 S., long. 79.28.30, for the purpose of seeing what good thing remained there that was worth removing in the way of houses, tanks and tools for use on the virgin deposits of Lobos de Afuera. Although there is not more than one shipload of guano left, I was glad to see the place for many reasons. It will be recollected that it was on the guano said to exist on this and the Guañapi islands that the Peruvian Loan of 1872 was raised, and it will be the duty of all who invested their money in that transaction to enquire into the truth of the statements on which the loan was made. Macabi is an island split in two, spanned by a very well constructed iron suspension bridge a hundred feet long. The birds which had been frightened away by the operations of the guano-loading company have returned. The lobos probably never left the place, the precipitous rocks and the great caverns which the sea has scooped out affording them sufficient protection from the 'fun'-pursuing Peruvian, who delights in killing, where there is no danger, an animal twice his own size, and whose existence is quite as important as his own. Or if the lobos did leave, they also have returned. This would go to prove the statements that the birds have begun to return to the Chinchas. When this is proved beyond any doubt, we may expect to hear of Messrs. Schweiser and Gnat applying for another loan on the strength of the pelicans, ducks and boobies having returned to their ancient labours on those celebrated islands.