Three Cutters

The Three Cutters is one of the first, if not the first, nautical fiction story based on yachting. A nobleman attempts to assist a revenue boat in the apprehension of a smuggler. Instead, the smuggler commandeers the yacht, and assumes the yachtsman's identity. With that as a cover, can he now continue his smuggling mission? If so, what's he supposed to do about the woman he finds aboard the yacht?