In London to claim an inheritance, Stan (Stan Laurel) misses out on the money but instead receives his own island. Accompanied, as always, by his pal Ollie (Oliver Hardy), Stan travels to his new property, but gets caught in a storm and washes up on a newly formed atoll. When the boys learn the island is brimming with precious uranium, they form a constitution and declare themselves a sovereign state, while the great nations of the world look to get their own hands on the valuable territory.