Charity student "rag" in Liverpool, Merseyside.
Full titles read: "'THE PANTO RAG' - University students hold the Lord Mayor and the City to ransom in merry "rag" - all in the cause of charity !"
Groups shots of students in a variety of fancy dress costumes. The students hold up small small cups (presumably for the donations) and chant. L/S's of students waving from the top of a double-decker bus.