Hancock discovers that his extremely rich grandfather is very ill in hospital in Australia. Sid, expecting a large bequest, hurries to Australia masquerading as Hancock... but the old man has no money left. Meanwhile, back in the UK, Sid's grandfather falls dangerously ill in prison...

Hancock is determined to receive a Knighthood and decides that classical theatre is the only answer. Surely a stint at Stratford interpreting Shakespeare as Long John Silver will be all that's required?

Hancock has bought himself a radio transmitter / receiver and he is able to converse with remote parts of the world, discussing the weather and playing games of Snakes & Ladders and Chess. But when he receives a 'Mayday' call he has to contend with the landlady's husband and uncooperative electricity meters!