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James Onedin is now a successful and wealthy shipowner, and the head of a huge business empire. But, still, he is a lonely man. He is almost surprised to find how fond he is of his daughter's governess, Leticia Grant.
Daniel Fogarty returns from Australia a multi-millionaire. He is confident that his new-found wealth will enable him to compete with James on equal terms. Daniel still yearns for Elizabeth...
Elizabeth, however, is in a trap. Her father-in-law, from whom her son William stands to inherit a fortune, nurtures a deep-rooted hatred of Daniel Fogarty. If the old man were ever to suspect an affair between Daniel and Elizabeth, he would undoubtedly disown both woman and child...