 In the ensuing gun battle, all the pirates are killed.The derelict is not really flooded; while the upper part of the hold is filled with water and floating timber, it has been retrofitted with an airtight compartment underneath, accessible through the hollow lower masts, and is complete with electric lights, ventilation fans, and motive power.The lost men are found below, bound in chains but unharmed amidst a king's ransom in stolen gold.