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Article: Family Finance: Scotching the idea of a shortage
- Article from:
- The Sunday Telegraph London
- Article date:
- December 22, 1996
- Author:
CopyrightCopyright 1996 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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The Scotch Whisky Association is advising investors to steer
clear of companies offering to sell them whisky as a money-making
opportunity.
Campbell Evans of the SWA knows of people who have paid up to
pounds 3,000 for casks unlikely to be worth more than pounds 400.
This is aside from the storage and insurance charges levied when
Scotch is kept in bond.
Investors are told to expect a return of 18 per cent - which,
according to Evans, is "a figure that nobody in the industry
recognises - 3 per cent might be possible, but even then I wouldn't
be so sure".
Maturing Scotch is sold in casks, each containing 250 litres.
Like champagne, it is laid down to mature for several years before
it is ...