Ruritanian power struggle with opera singing.

In the very oldfashioned town of Ostend suddenly 13 suitcases are delivered to the hotel, with a note, that O.F. will be here soon and needs 6 rooms (the hotel just has five). This event, probably the biggest in 300 years, starts a small wave of modernisation, yet everybody is wondering who O.F. is. Journalist Stix and architect Stark have an idea how to use this event. They proclaim, that O.F. is a former citizen of the town, who became a millionaire abroad. They tell their fellow citizens that the town still needs modernisation, like better hotels, nightclubs, shops, etc. And soon, Ostend is a boomtown, then a capital. The architect, responsible for the new buildings is finaly allowed to marry the mayor's daughter, while Stix marries the cabaret star and the widowed mayor his new secretary. The only problem is, O.F. hasn't shown up, while finance experts from all over the world are trying to solve the depression problem.

Based on the operetta of the same name.

Harry Piel plays Harry Peel who receives an urgent telephone call from a friend who has returned from South America recently. The call is being made from the circus "Beely" and our hero arrives there too late to prevent the murder of his friend. Now Harry must find his friend's killer and go on a strange mission involving a hidden document.

The focus of the story is on the relation between the femme fatale and an escaped prisoner, who manages to save himself from the clutches of the vamp in the very last minute (no spoiler, the end of the film is missing!). A dream reveals to him the real nature of duchess Leda Orlonia/geisha/marchesa Rochefou, and he decides to leave the ‘woman with the many names’ for a kind-hearted and decent American girl.