The wooded heights beyond, with here and there the rugged outline of a floating iceberg standing out against the clear blue air, formed the background on the north; whilst on the south a regular sea horizon, a circular line clearly cutting sky and water, and at this moment glittering in the sunbeams, bounded the sight.

The whole scene was rich in animal and vegetable life. The surface of the water, the shores strewn with flints and blocks of granite, the slopes with their tapestry of herbs, the tree-crowned hill-tops, were all alike frequented by various specimens of the feathered tribe. Several varieties of ducks, uttering their different cries and calls, eider ducks, whistlers spotted redshanks, "old women," those loquacious birds whose beak is never closed, skimmed the surface of the lake. Hundreds of puffins and guillemots with outspread wings darted about in every direction, and beneath the trees strutted ospreys two feet high-a kind of hawk with a grey body, blue beak and claws, and orange-coloured eyes, which build their huge nests of marine plants in the forked branches of trees. The hunter Sabine managed to bring down a couple of these gigantic ospreys, which measured nearly six feet from tip to tip of their wings, and were therefore magnificent specimens of these migratory birds, who feed entirely on fish, and take refuge on the shores of the Gulf of Mexico when winter sets in, only visiting the higher latitudes of North America during the short summer.

But the most interesting event of the day was the capture of an otter, the skin of which was worth several hundred roubles.

The furs of these valuable amphibious creatures were once much sought after in China; and although the demand for them has considerably decreased in the Celestial Empire, they still command very high prices in the Russian market. Russian traders, ready to buy up sea-otter skins, travel all along the coasts of New Cornwall as far as the Arctic Ocean; and of course, thus hunted, the animal is becoming very rare. It has taken refuge further and further north, and the trackers have now to pursue it on the shores of the Kamtchatka Sea, and in the islands of the Behring Archipelago.

"But," added Sergeant Felton, after the preceding explanation, "American inland otters are not to be despised, and those which frequent the Great Bear Lake are worth from £50 to £60 each."

The Sergeant was right; magnificent otters are found in these waters, and he himself skilfully tracked and killed one in the presence of his visitors which was scarcely inferior in value to those from Kamtchatka itself. The creature measured three feet from the muzzle to the end of its tail; it had webbed feet, short legs, and its fur, darker on the upper than on the under part of its body, was long and silky.

"A good shot, Sergeant," said Lieutenant Hobson, who with Mrs Barnett had been attentively examining the magnificent fur of the dead animal.

"Yes, Lieutenant," replied Felton; "and if each day brought us such a skin as that, we should have nothing to complain of. But much time is wasted in watching these animals, who swim and dive with marvellous rapidity. We generally hunt them at night, as they very seldom venture from their homes in the trunks of trees or the holes of rocks in the daytime, and even expert hunters find it very difficult to discover their retreats."

"And are these otters also becoming scarcer and scarcer?" inquired Mrs Barnett.

"Yes, madam," replied the Sergeant; "and when this species becomes extinct, the profits of the Company will sensibly decline. All the hunters try to obtain its fur, and the Americans in particular are formidable rivals to us. Did you not meet any American agents on your journey up, Lieutenant?"

"Not one," replied Hobson. "Do they ever penetrate as far as this?"

"Oh yes !" said the Sergeant; "and when you hear of their approach, I advise you to be on your guard."

"Are these agents, then, highway robbers?" asked Mrs Paulina Barnett.

"No, madam," replied the Sergeant; "but they are formidable rivals, and when game is scarce, hunters often come to blows about it.