A beautiful Gypsy girl falls in love with a horse trainer.
Despite being on his uppers, George is still prepared to pawn his beloved banjo in order to help his girlfriend save her niece from the orphanage. Help seems to be at hand when George is left a fortune by his old auntie, but unfortunately his inheritance is hidden inside a chair which has already been auctioned off! Can George and his chums track down his rightful due before his grasping solicitor (Alastair Sim, in an early film appearance) snatches the lot? It's hard to say, but he still finds time to perform both the title song and the classic 'When I'm Cleaning Windows'.
Set during the Peninsular Campaign of the Napoleonic War, Mr Midshipman Easy has just joined the Royal Navy. He is very keen to do well but luckily he has an understanding captain to pull him out of the various adventures he seems to get involved in.