First edition. Inscribed by Falkner to the front pastedown in the month of publication: “E. L. D. Boyle. From the author in grateful acknowledgment of valuable services rendered on the High Seas. Nov. 1898.”. Boyle being Commander Edward Louis Dalrymple Boyle, who had quite an illustrious naval career spanning several decades, the connection between the two most likely having been forged through Falkner’s work at the engineering and armaments firm, Armstrong Whitworth Co. The book is reasonably firmly bound in the publisher’s red cloth, lettered and decorated in gilt, silver and black, the cloth is slightly stained with bumping and rubbing to the corners and spine ends, also small tears to the cloth, the front board has sustained a knock to the top edge causing some damage. The text block is slightly foxed and toned with cracking at points and a small bookseller’s label to the front pastedown. Falkner’s second novel, a superb tale of smugglers and contraband on the Dorsetshire coast during the mid-eighteenth century, comparing favourably to Robert Louis Stevenson’s Treasure Island and filmed on several occasions for film and television. Quite uncommon as a first edition, particularly with, by Falkner’s standards, such a lengthy and charming inscription.