The cost of a boat with its equipment of stores--cork lifebelts, anchors, lines, lifebuoys, lanterns, and other articles--is upwards of £700, and the expense of building the boathouse amounts to £300, while the cost of maintaining it is £70 a year. The Institution also awards medals to those who have distinguished themselves by their bravery in saving life from shipwreck. One side of this medal is adorned with a bust of Her Majesty, Queen Victoria, who is the patroness of the Institution. The other side represents three sailors in a lifeboat, one of whom is rescuing an exhausted mariner from the waves with the inscription, "Let not the deep swallow me up." Additional displays of heroism are rewarded by clasps bearing the number of the service. "When we think of the vast extent of our dangerous coasts, and of our immense interest in shipping, averaging arrivals and departures of some 600,000 vessels a year; when we think of the number of lives engaged, some 200,000 men and boys, besides untold thousands of passengers, and goods amounting to many millions of pounds in value, the immense importance of the lifeboat service cannot be over-estimated." Well may we then, "when the storm howls loudest," pray that God will bless that noble Society, and the band of humble heroes who man the three hundred lifeboats stationed around the coasts of the British Isles. CHAPTER II. LIFEBOAT DISASTERS. We have already referred to the numerous disasters which did so much to retard the progress of the lifeboat movement. Now let us see how these disasters were caused. The early lifeboats, though provided with a great amount of buoyancy, had no means of freeing themselves of water, or of self-righting if upset, and the absence of these qualities caused the loss of many lives.