What was the outcome of Jim's confrontation with Hands?

Jim shoots the pistol at Hands but nothing happens because the pistol is wet. As Jim is trying to dodge the seamen, the Hispanolia strikes land and tips over at a 45 degree angle. Jim, Hands, and the dead body all roll in the same direction. Jim is the first to his feet and he climbs to the top of the mast. Hands throws his knife, which narrowly misses Jim. Hands begins to climb up the mast to get Jim but suddenly, without his doing a thing, Jim's pistols go off and drop in the water his body. Luckily, Hands is hit and drops into the water, following the pistols.