Shocks for Turtle and Razor Eddie - Rafferty announces on television that he has one of the first real leads on the case of the missing deposit boxes: jewels belonging to the lovely socialite, Elspeth Partington-Jeffries. Then, Turtle learns that they are fakes.

The dishonest duo - now well on their way to wealth with their 'company', Guaranteed Securities Inc., and a luxurious office - open another box, to reveal the secrets of a planned horse-racing coup. Needless to say, they tip the odds in their own favour!