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The Bowery Boys find themselves up to their unwashed necks in international intrigue when they agree to help the exiled king (Sig Ruman) and the lovely princess (Lisa Davis) of the mythical country of Truania. It seems that sweet shop owner Louie (Bernard Gorcey) was born in Truania and is still loyal to its monarchy, thus Bowery boys Slip (Leo Gorcey) and Sach (Huntz Hall) are entrusted with a valuable half-coin that will be conjoined with its other half when it is safe for the king to return to his homeland. The king's "faithful" retinue (Leon Askin and Veola Vonn) turn out to be traitors, hoping to trap the king by doctoring the coin. Plots and counterplots are hatched in and around Louie's sweet shop, but the Bowery Boys vanquish the traitors and save the throne. The best scenes involve Sach, who is periodically put under a hypnotic spell by the wily female traitor. Spy Chasers isn't exactly John Le Carre, but as a Bowery Boys epic it's one the best.