In the Australian outback a family struggles to keep its farm from foreclosure. Their only hope is that their horse, Prince, will win money in a New Year's race. But when Prince is stolen the children embark on a dangerous and exciting adventure to get him back.

The escapades of Ginger Meggs, local larrikin. He's trying to win the heart of Minnie Peters, but the pressures of school, his rival Eddie Coogan and bully Tiger Kelly make life tough for him. Besides, there's fishing to be done.