Anne James has just left her job on a fashion magazine in Perth because of a trip to England. On the night before her departure she is persuaded by an official from Canberra to go to Sydney instead - on a matter of national importance.
Anne James has been asked by Colonel Thomson to be a spy in the house of her friend Darcy Crawford to aid him in a matter of national security dealing with currency. A first attempt is made on her life.
Anne James nearly drowned while swimming with John Bannister but is returned safety to Jacaranda House. She returns to the beach to find her rescuers, surfer Bill Armstrong and his girlfriend Kelly.
Anne has been kidnapped by John Bannister. He is determined to get from her the report written by Crawford. Darcy Crawford is arrested for currency swindling and murder. Anne winds up with Max.