The men, believing that Jensag is playing a trick on them, listen, but hear him calling "Agnes! Agnes!" from far away; he does not seem to be near the wreck. The men again row out to the wreck to investigate, but find no explanation. Cargunka asks the mate to ring the ship's bell at half past twelve, and rows out quietly to wait and watch the wreck. As Jensag is heard in the distance singing "And the sound of her bells came back to me," the half past twelve bell about the "Happy Return" rings, and again is echoed by the bell of the "Laughing Sally", even though the bell is now underwater. Cargunka feels the bell underwater to see if he can determine how it was struck, but finds nothing. Upon returning to the island, Durritt, the bo'sun, tells Cargunka that the sound is a "dead man's bell," and that "no good'll come messin 'round wiv "that"!" The men round up the drunken Jensag.