[1][2] It is an adaptation of the D. H. Lawrence short story The Rocking-Horse Winner and starred Valerie Hobson, John Howard Davies and Ronald Squire.

The upper middle-class Grahame family are beset by money troubles, because of the lavish tastes of Hester who spends far more than their income.

Concerns about the family's finances and his mother's unhappiness and lack of luck begin to affect Paul who is convinced that the house is whispering about them.

Proving to be able to pick winners consistently, which he claims to discover while riding his rocking horse, he forms a secret syndicate with Bassett and his uncle which is soon thousands of pounds in profit.

A distraught Hester instructs Bassett to burn the rocking horse, which he does, and also the money, which he refuses to do, stating he will give it to the family solicitor to find some good to do with it, as Paul would have wanted.