The Secret of Magic Island (1956)

The carnival is coming to town! Unfortunately, the Good Fairy's wand is stolen by the diabolical Black Troll. And he turns The Poet's girlfriend to stone! It's up to The Poet to brave the darkness at the edge of the forest and journey to the Troll's mountain lair to save the day! Also the Black Troll is a monkey and The Poet is a duck. FYI.