Because of its high productivity and "almost" 100 per cent employment, the town of Hayhoe, England is expecting a visit from the Prime Minister. The "almost" is because of Dan Dance (Eddie Byrne), an old rogue who would rather drink and philosophize than work. The Village Council are determined to have a perfect record so they connive to have the old man put into the alms-house which has been unoccupied for many years, where he must abide by rules laid down 400 years ago. A new Vicar arrives and discovers that, because of the circumstances created by the Council, Dan Dance is entitled to 6,000 pounds a year at the expense of the village.

On Christmas Eve, an old miser named Ebenezer Scrooge is visited by the spirit of his former partner, Jacob Marley. The deceased partner was in his lifetime as mean and miserly as Scrooge is now and he warns him to change his ways or face the consequences in the afterlife.