Scottish Opera is getting admiring reviews for its new production of Wagner’s “Ring” cycle this summer. But the company is in financial difficulty again. “The company is understood to have already spent its public funds for 2003-2004, despite an additional grant of £750,000 from the Scottish Arts Council Lottery Fund (SACLF) which made its Ring Cycle possible. Twice in the last four years, Scottish Opera has gone to government and left with extraordinary grants of £2.1 million in 1999 and £1.9 million in 2001 to bail it out. However, if the company faces a difficult future, its fate also presents a defining issue for the Scottish Executive’s cultural policy.”