Peter and his mother are helped aboard by Rolls, Victor’s first mate. They all have tea below deck in the cabin and discuss Peter’s father, Lars, who is fighting against the Nazi occupiers with his regiment in Trondheim. Peter and his mother tell Victor the disturbing news about the German spy, and he assures them that he will keep a closer watch on his surroundings.

Peter’s mother reveals that they will have finished transporting all of the gold by the end of the next week. Victor happily reflects that he is excited to see New York again.

Peter and his mother leave Victor’s boat, praising his courage. Victor insists that it is the men who are fighting who are truly brave. At the Holms’ farm, Herr Holm says that a German spy on skis has been looking inside his barn. They hope that the spy does not realize what the Norwegians are transporting.

The next week, with less than 100 bricks of gold left in the cave, the children begin to celebrate, but Per Garson warns the children not to celebrate too soon. Later, as Peter is burying his latest load of gold and building a snowman over it at Snake fiord, he hears breathing and sees a blue-eyed German soldier watching him.