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A young Englishman, Michael Brewster, learns he will inherit his late uncle's fortune of £8 million provided he can spend a million within a specified time. In addition, he cannot spend the money indiscriminately, he must show receipts for every penny, and he must disavow any matrimonial intentions--a stipulation that infuriates his girl friend, Susan. After quitting his job, Michael enlists the help of two colleagues and forms a finance company, determined to make bad deals and go bankrupt, but, unhappily, everything he touches turns to gold. Increasingly desperate, he deliberately invites a breach of promise suit by proposing to a showgirl who is starring in a show he has produced and then refusing to marry her. This scheme backfires, too, and money continues to pour in from unexpected sources, but at last, he manages to give away the unspent portion of the million pounds and is reunited with Susan.