Notes

ggy takes the conch to raise a few points: (1) they might never get off this island and (2) assuming they don't, they should figure out how to go about the process of not dying.
Ralph agrees with the whole "we might be here until eternity" thing, but he declares quite clearly that "this is a good island." Go ahead and sticky-note this page.
(But in case you forget to sticky-note it, you have another chance several paragraphs later when he again says "It's a good island.")
One small boy with a mulberry-colored birthmark, the reason for which will be shortly explained, requests the conch and everyone laughs until Piggy demands he be allowed to speak.
The kid is too scared to talk in front of everyone, so Piggy acts as translator:
He's afraid of a mysterious snake-thing in the jungle.
He describes it as a "beastie" and says it comes only in the dark. (So apparently the boys must have been on the island for at least one night before they found each other and began to organize.)
The other boys snicker and decide that the beastie is just the ropey-looking creepers that hang in the trees.
Jack says of course there isn't a beast, but just in case they're all going to go hunt for it anyway.
Ralph is forced to concede, but he insists on making a signal fire so when his father comes to rescue them on a ship, the men on board will see the smoke and know where to find them.
Also, burning things is fun.
Everyone tears off, and Piggy remarks that they're all acting "like a bunch of kids." Because they are a bunch of kids.
Everyone excitedly piles up the wood before realizing they have no way of starting the fire. Jack very helpfully mumbles something about rubbing two sticks together (Eagle Scout Lesson #2, if you've been counting.)
They use Piggy's glasses to start the fire after many hurrahs and much gathering of wood.
Piggy is not happy about the use of his glasses for this purpose. What we mean is: "[Piggy's] voice rose to a shriek of terror as Jack snatched the glasses off his face."
Ralph says that they need to choose certain, responsible people to keep the fire going at all times—in case a ship passes by.
Jack declares: "We're English, and the English are best at everything."
Piggy, rather blind without his glasses, grabs the conch from Ralph and complains about how no one pays attention to his ideas.
While the boys argue, the fire spreads…like wildfire.
As the smoke drifts through the air, Piggy rants about all these things they should have done, like build shelters and show him some respect. Then, most likely because of the smoke, his asthma flares up and he can't breathe.
Yet, it seems he has enough breath to point out that the small children, a.k.a. "the littluns," seem to be missing, especially that one who complained about "the beastie" and had a mulberry-colored birthmark, the better to distinguish him by when he's gone.
He seems to be the most missing of all.