An account of the technique of reading the tabloid press in an intelligent manor via differing editorial techniques that leads to three styles of newspapers giving varying accounts of a strip-tease act.
Mr. Reeder, a somewhat eccentric old gentleman employed by the Director of Public Prosecutions, gets it into his head to break up a counterfeiting ring.
Down on his luck inventor Roger (John Stuart) "borrows" some money from a handbag he finds but things go wrong when a necklace from the bag goes missing.
Betsy, a housemaid and aspiring actress, throws a party in her employer's house while he's away. Guests include agents and producers; but her employer's priceless jade collection also becomes the target of unscrupulous thieves.