James marries Margarita and they sail to Sumatra to establish trade in the East Indies, staying with Dutch ship-owning brothers Max and Theodore Van der Rheede. The brothers are not happy to learn that James has undercut them on a tobacco contract and the dominant Max suggests to his younger brother that they sell up and return to Europe. On the voyage home Margarita intercedes on behalf of a sailor she believes to be harshly-treated, influencing Baines to show him leniency. Back in Liverpool they find that Max has moved there ahead of them but his brother has drowned himself.