More than a year after he had departed, and after numerous adventures, after triumphs and losses, Bilbo Baggins returned to his home of Bag End, in the Shire. His long adventures there and back again are completed; he carries with him the One Ring (albeit not yet recognised as such), and believes that all his troubles lie behind him.
He is mildly discombobulated to discover that he has been declared dead and that certain of his relatives are attempting to claim his possessions. The matter is soon sorted out, although Bilbo’s penchant for adventures, the strange company he keeps (elves, dwarves and even wizards come to visit at times), and, we must suppose, a certain jealousy of his wealth, do little to endear him to most other hobbits.
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