Funny, tough-minded and tender, this is the story of Matilda and her two sisters growing up in Sydney, Australia, in the early 1950s. Their father is mentally unstable and largely absent, their mother is possibly in the thrall of his brother, and a headline-making Russian spy defection is taking place next door.
Soon, it also becomes clear that they are up to no good. After much spying and some consulting of the library shelves, Henni and her friends prove that the Phonies, as they are now called, are money launderers.