19 NOVEMBER 1994, Page 42

Wishing well

I SAY, what a bit of luck. We have found a money-well. Everyone will benefit, the Prime Minister says, and the country will be richer. This is better than finding oil under 1,500 feet of seawater, west of the Shet- lands, and having to suck it up through a hosepipe. All we have to do now is to lower the bucket into our well, haul it to the sur- face, put some of the contents aside to cover costs, and pour the rest down some splendid new holes which are opening up for the pur- pose. As the City of London has found out the hard way, there is absolutely no limit to an arts centre's capacity for absorbing money. Painless, beneficial, universal, as an economic phenomenon this well is in a class of its own, though its operation is something of a lottery. I wonder how the money got into it. We threw it in? Oh.