THE MOTOR-CAR TRADE.
Mr. T. Hastie, chairman of Austin Distributors, Ltd., Melbourne, said at the recent annual meeting that it had been necessary to find investments for the company's funds that had accumulated as a result of cash sales and the maturing of hire purchase contracts, with tho result that the company's investments in bonds and shares greatly exceeded the total paid-up capitaj. It was impossible to purchase new car stocks overseas, and the only turnover possible was from the . balance of heavy stock purchased several years ago in anticipation of the present position. A very small stock remained, and this might be sold only to users with Government authority to purchase. '
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Evening Post, Volume CXXXVI, Issue 74, 24 September 1943, Page 5
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112THE MOTOR-CAR TRADE. Evening Post, Volume CXXXVI, Issue 74, 24 September 1943, Page 5
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