Monday, Jan. 31, 1944

Going Up

London's Daily Express indignantly told a vinous tale. Its point: even the British Government has been touched by the profit fever which has kicked the prices of scarce luxuries skyward in Britain. Said the Express:

Harrods Ltd., a department store, had some Spanish sherry, bought soon after the war started at -L-33 a butt (100 gallons). A German bomb hit the warehouse where the sherry was stored. Harrods collected an insurance claim for -L-45 a butt (covering insurance and other costs). Then the sherry, found intact, became the property of the Government. Harrods offered to buy it back at -L-200 a butt. The Government refused the offer, demanded -L-500 a butt. When Harrods declined to pay any such price, officials confidently looked around for other buyers.

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