Soon after the Japanese attack on Pearl Harbor, cynical former newspaper correspondent John Royer devises a scheme with his old editor and government agents to return to the Far East and smuggle out a vast amount of rubber for the war effort. Demanding the freedom and company of his ex-friend, Carnahan, whom he betrayed in an exposé years earlier, Royer sails off into the hands of the Japanese with a motley crew, gold, and the promise of covert government aid.