On the 4th of October 1854, a Chilian ship, called the 'Caldera, ' sailed from the port of Hong-Kong and was grounded by stress of weather amid a group of islets lying to the south-west of Macao. One Mademoiselle Fanny Loviot, a young French lady, happened to be on board. The pirates took her prisoner, as well as a Chinese merchant, who was her fellow-passenger, and sent on the captain to Hong-Kong, to treat for a double ransom. This is her story.