Woods and starring Matheson Lang, Athene Seyler and Jane Baxter.
[1] It depicts the life of Francis Drake and the events leading up to the defeat of the Armada in 1588.
Drake reports that their trading was successful, but then a Spanish fleet, commanded by Don Enriquez, sailed into the harbor.
Elizabeth enthusiastically accepts his proposal, and also does not oppose his plan to attack Nombre de Dios, where treasure from the New World is gathered to send to Spain.
The film has generally been overshadowed by two slightly later releases, Fire Over England (1937) and The Sea Hawk (1940), which deal with much the same story.