Once there lived a poor woodcutter. Every day he went out to cut wood in the jungle. He cut wood and sold it in the market. One day he was cutting wood near a river. Suddenly his axe fell into water. The river was very deep. The wood cutter didn’t know how to swim. So, he was sitting there sadly. He began to cry like a child. Then a wonderful thing happened. A beautiful fairy appeared before the woodcutter. The fairy asked the woodcutter, “Why do you weep?” The woodcutter told her of his serious loss. Hearing all these, the fairy felt pity on him. She dived into the water and came out with a golden axe. She asked the woodcutter if it was his axe. The woodcutter replied in the negative. The fairy dived again into the river water and came back with a silver axe. She asked the woodcutter if it was his axe. The woodcutter replied in the negative again. The fairy dived into the water and came out with the actual axe of the woodcutter. The woodcutter was very glad to see his axe. He told the fair that it was his axe. The fairy was surprised to see the honesty of the poor woodcutter. She rewarded him with all the three axes of gold, silver and iron. The woodcutter happily accepted the award. Form the story we find that honesty is the best policy.