Congratulations, you have solved the third clue!
Feel free to have a look through the binoculars, see if you can spot the city and Port Philip Bay.
Well done explorer, your secret letter is “H”, write this down as you will need this later on.
On with the quest…. “Round as the planet, wet as the sea, the next secret clue is spinning for thee. Where oceans and continents quietly glide, the treasure’s next letter there does hide.”