Years ago, when the island was merely the home of farmers and fishermen, a shipowner in need of easily handled ballast found that the subsoil contained just the thing he wanted. By turning up the thin surface he came upon a stratum of small, square slabs of rock rather like cakes of soap. These were easily lifted and easily carted to his ship. He initiated the habit of taking rock from Bell Island for ballast, and for years shipmasters loaded it up, to dump it overboard with just as much unconcern when they took their cargo inboard. It was some time before an inquiring mind saw something to attract it in the rock ballast; the rock was analyzed and found to contain iron. Turned into a profiteer by this astonishing discovery, the owner of the ground where the slabs were found clung tenaciously to his holding until he had forced the price up to the incredible figure of 100 dollars. He sold with the joyous satisfaction of a man making a shrewd deal. His ground has changed hands several times since, and the prices paid have advanced somewhat on his optimistic figure; for example, the present company bought it for two million dollars. The ore is not high grade, but is easily obtained, and so can be handled profitably. In the beginning it was only necessary to turn over the turf and take what was needed, the labour costing less than a shilling a ton. Now the mines strike down through the rock of the island beneath the sea, and the cost of handling is naturally greater. It is worth noting that prior to 1914 practically all the output of this essentially British mine went to Germany; the war has changed that and now Canada takes the lion's share. It was under the cliffs of Bell Island, near the point where the long lattice-steel conveyors bring the ore from the cliff-top to the water-level, that the three warships dropped anchor. As they swung on their cables blasting operations in the iron cliffs sent out the thud of their explosions and big columns of smoke and dust, for all the world as though a Royal salute was being fired in honour of the Prince's arrival. III During the day His Royal Highness went ashore informally, mainly to satisfy his craving for walking exercise. Before he did so, he received the British correspondents on board the _Renown_, and a few minutes were spent chatting with him in the charming and spacious suite of rooms that Navy magic had erected with such efficiency that one had to convince oneself that one really was on a battleship and not in a hotel _de luxe_.