A wreck with a cargo of whisky hangs precariously on a ledge on the Reef. A puritan Scotsman plans to destroy the cargo, and a drunken beachcomber warns the Minus Five team, who are working to retrieve a new navigational aid from the wreck. The navigational aid must be assessed, for if it is defective it could endanger the other five ships it has been issued to, but their work is hampered by the old Scotsman who is determined to destroy the whisky before it can cause any evil.
The Endeavour's attractive new scientist learns a bitter lesson in security when she innocently arranges passage to Townsville for a colleague. Customs officer Morgan and the Minus Five team are held at gunpoint by the passenger who demands the surrender of counterfeit money plates which have been discovered attached to the ship's hull.
The Endeavour puts into a slipway in Townsville for inspection and maintenance, and the crew welcomes Diana Parker, the charming new operator for the Minus Five equipment. But there are shocks in store for all as Diana is discovered to be an impostor, and one of the diving crew narrowly escapes death.
Old Harry tells Steve Gabo about two million dollars of gold coin carried on a plane lost during World War 2, which he has been trying to locate for years. The Minus Five team begin a search and find more than they bargained for - two skeletons, and two armed men who could be murderers, but who are in fact Commonwealth Police.
The Minus Five team has salvage rights to a vessel sunk off the Barrier Reef in the 1800's, but when they arrive they find divers down below. The gold disappears and it seems it has been stolen from under their noses. A cannon from the wreck and an old log book must be found before the mystery can be solved.
Two nuns ask the Minus Five team to help them recover a sacred chalice lost in a wreck off the Great Barrier Reef, but Captain Ted King reluctantly declines assistance as the Endeavour is under orders for another assignment. The nuns risk their lives when they decide to attempt the salvage job themselves.
A high ranking Government official makes a secret visit to the Endeavour to determine whether General Trust Corporation may use it's Minus Five equipment to commercial advantage without affecting the natural heritage of the Great Barrier Reef. The project is placed in jeopardy when, riding in the mini-submarine, he nearly loses his life. Dr. Paul Hanna, of the Government Science Council, joins the team on board the Endeavour.