In 1776, the defeated General George Washington is astonished by the generous final settlement terms being offered to from King George IV at Buckingham Place. Prepared for the humiliation of crushing terms for the vanquished republicans in the Colonies, rather King George IV proposes a genuine partnership for Anglo-America based on local representation and self-governing taxation. 'No victors, no vanquished' chips in his shadowy adviser Ernest Shackleton by way of explanation.