BHCN #1 CARIB GOLD staring Ethel Waters

BHCN #1 CARIB GOLD staring Ethel Waters
The movie starts with Neely, a shrimping boat's skipper, calling in to shore with news of a good catch. Subsequent conversations with Barb, his mate/deckhand and Cap, his boss on shore, reveals that this boat (the Capt. Geech) has snagged and torn several nets recently due to something on the sea floor, despite the charts showing nothing in the area. Cap and Neely decide that despite the financial strain of losing their expensive nets, they can afford one more trip to investigate the source of the snags.
Neely and Barb go to Duffy's restaurant where they meet Mom, Ryan and Baby. Neely asks to speak privately with Ryan and requests that Mom sing his favorite song. It is Baby's birthday, but she agrees to leave the table while Mom steps up to the stage and performs the film's title song, Carib Gold. During the song, Barb and Neely talk to Ryan about diving to the sea bed to look for the cause of the torn nets. He agrees, and they make arrangements to set out the following morning.
Barb's wife Dottie sees them off at the dock, and he promises her they will be back soon. When they reach the area, the boat's crew assists Ryan into his standard diving suit. Ryan goes over the side while crewmen operate the manual hand pump, and Barb and Neely operate the communications unit. On reaching the bottom, Ryan heads south and quickly discovers what appears to be the wreckage of a boat. He brings up a coin and discusses his discovery of sunken treasure with Neely and Barb, mentioning that there is bullion as well. The three speculate that they have discovered a "Spanish plate ship."
Back at Duffy's, the three discuss salvaging the ship with Cap and Mom. Ryan points out that a larger and trustworthy crew will be required in order to salvage the wreck. Barb goes home and tells Dottie about the find, shows her the coin and tells her that they need to "chip in," in order to help finance the salvage of the wreck. Dottie begins to cry, disbelieving that the coin is real and thinking that this will deprive her of needed surgery.