Sir Charles Hare, a young Irish baronet, gambles his all on one of his horses at Ascot. But the horse is 'pulled', and Sir Charles is forced to sell his Irish estate. His aunt, however, has some surprises in store for him.

Bill Buckle has had a dream--he wants to buy back the family fishing boat, the Cascade, which the family had to sell years ago to pay for his father's funeral. However, the boat is now owned by a trio of fishermen, and their plans for the boat don't coincide with Bill's at all.