11 JUNE 1994, Page 26

Flash and grab

A NEW form of capital raising has been pioneered in the Low Countries, where six Dutchwomen suddenly appear in super- markets naked from the waist up. To me it suggests nothing so much as the milking parlour at Cold Comfort Farm, homestead of Graceless, Feckless, Aimless and Point- less, but it distracts Dutchmen for long enough to let the women raid the tills and run. The City has for long had a more refined version of the flash and grab tech- nique. This is called a prospectus. I hope that the Dutch are responding with due diligence.