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The musical tells the tale of the changing fortunes of Arthur Kipps, an orphan and draper's assistant at Shalford's Bazaar in Folkestone, Kent at the turn of the twentieth century. Kipps is an easy-going working class lad, who is happiest with his banjo. He falls in love with Ann Pornick, who gives him the titular gift of half a sixpence as a token of their love. However, when he unexpectedly inherits a fortune from an estranged grandfather, he is suddenly propelled into high society. He catches the eye of Helen Walsingham and her money-grabbing family, who are desperate to restore their family fortune. When he loses his money (thanks to the fraudulent behavior of Helen's brother, James), Kipps is reminded of his roots and returns to marry Ann.
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