At the start, Errol is sighing for the good old Edwardian days of optimism.
A rigid code of honour, he tells us smilingly, and "those who broke it were cast into the outer darkness." Perhaps he would know.
Hugh (Philip Friend) is a prominent MP who's "going to be Prime Minister one of these days." But for the moment,
he's more concerned about "notorious American widower" Marian, as he proposes to her, in the best manner, on one knee.
The "very enchanting" Marian (Phyllis Kirk) has however secrets to hide. And old admirer Stewart Rawlings (Ivan Craig)
knows them! He is one guest at the party where Hugh is to announce their engagement, and Marian is "not very happy" to see Stewart.
He will tell about her ex-husband's bankruptcy and her resultant conviction for fraud, even though he happens to know she was innocent.
Stewart will tell, unless she agrees to marry him.
So when Hugh prepares to make the big announcement, she faints. Privately she explains her dilemma to her fiance, adding that it's all off.
"In the eyes of all your friends, you would become.... declasse."
However Hugh rallies, declaring their love is more than his career, and together they resolve to have it out with Stewart.
She meets the blackmailer privately. He confesses that it was he who ruined her first husband. In return she says
she is going to sign away her own fortune to Hugh, so she can marry Stewart: "we can be poor together." Of course, this is not what the villain wants
and he agrees to be paid off, in return for signing a confession that he has blackmailed them. That will be sufficient to stop him from
ever bothering them again.
Thus it's a very unsatisfactory conclusion, blackmail rewarded, but at least Hugh and Marian are so happy now they can announce their engagement