Answer:
The Owl and the cat are personified as a couple who are eloping with little means. They set sail in a pea-green boat with 5 pounds to their name and used one shilling of that (Around a quarter) to purchase a ring to consummate their marriage because they had tarried for too long.
The story is told from the view point of the story's protagonist, Thomas.
If I were stranded on an island and could only have one item. I would want a yacht.
