Jonathan Blake (Freddie Bartholomew) is a waiter at Lloyd's Coffee House in the early days of the shipping insurance firm Lloyd's of London. Determined to climb high, he joins a Lloyd's syndicate and becomes rich and successful. A romance with the wife of a brusque aristocrat ensues, ending in a climactic duel at the height of the Napoleonic Wars. Finding his childhood friend, Lord Nelson (Douglas Scott), in charge of the naval fleet, Blake acts to help win the Battle of Trafalgar.
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