A young man finds a loose strayed colt near Hamilton which is not advertised for. So after a year he enters the colt in a show at which the owner a young lady who comes to the show with her farher claims. They come to an arrangement about the horse, which is a descendant of the famous horse Carbine. Then the horse is stolen by the pair of villains when being trained ..... The climatic end sequence was filmed at the Christmas 1926 Auckland Cup meeting.