A retired Admiral steals jewels and is pursued by Spanish bandits.

In London a young lady meets a homeless and apparently penniless Russian prince. She introduces him to her middle-class Fulham family and he moves in. It turns out he still has a number of diamonds given him by the last czar, and he is persuaded to start selling them. The resulting money, and his princely notoriety, soon cause changes in everyone's lives.

Grace Milroy loses her job working at a factory. However, through a strange set of circumstances, she is taken on as housekeeper at the nearby Swinford Castle the home of the eccentric Duchess of Swinford.