James and Sir Daniel combine to thwart William in his bid to buy the five ships belonging to elderly Captain Murchieson on behalf of devious banker Josiah Beaumont,whom Elizabeth sees as a bad influence on her son. William moves into his own flat,where he secretly sees Charlotte,though Letty finds out. Captain Baines is tricked into buying a piano to sell in Norway,but ultimately turns the situation to his own advantage. (thetvdb.com)