. . . cottage industries
IF YOU THINK of Lloyd's as the City's version of a cottage industry, you may pre- fer the real thing. That investment opportu- nity presents itself this month, when a com- pany called Lilliput comes to market. Lil- liput makes those dinky little plaster cot- tages you see on sale in gift shops. Are they for use or for ornament? Or are they for giving? The concept extends far. I have long believed in the existence of a shadowy multinational company, provisionally iden- tified as Intertat, which supplies the world's airports with stock for their shops. You can recognise its products wherever you go. Not evidently for use or for ornament, they might be classified as souvenirs if they had any local identity. Intertat, the multination- al supplier, prefers to enjoy the economies of scale. It assumes (Tati's or inter Tati's Law) that all airports are the same and can therefore support identical knick-knacks. They must be for giving.
Previous page
