London: Michael Joseph, 1938. First UK Edition, and the correct first of "Flying Colors," preceding the single volume publication.
The third Hornblower novel published, and the eighth in series chronology, published together with the second. Along with "The Happy Return", the three form the basis for the 1951 film "Captain Horatio Hornblower," directed by Raoul Walsh, and starring Gregory Peck and Virginia Mayo.
Very Good in a Very Good dust jacket. Slight lean, with light foxing to the page edges. Jacket spine lightly toned, with chipping to the crown and light soil overall.