6 JUNE 1987, Page 5

IS IT?

ON MONDAY, the Independent had a great success. It published the prospectus of a specialist company, Saltire Insurance. If it can build on this, it will gain huge advertising revenue at the expense of the Financial Times. In its excitement the Independent signalled the Saltire prospec- tus as a news story on the front page, wrote it up on the City page and included it for comment in its 'View from City Road'. To adapt the phrase: It was. Is it?