SALE OF TRANSPORT BUSINESSES
Measures To Avoid Boom “In all these cases I must satisfy myself that the price paid for goodwill is not excessive because in the interests of the rehabilitation of returned men we want to try to avoid a boom in the sale of transport businesses,” said the No. 4 Transport Licensing Authority, Mr S. V. Raines, at a sitting in Invercargill yesterday when dealing with an application for the transfer of a goods service licence to'a returned soldier. Mr Raines said that the information about the price paid for goodwill was required whether the purchaser was a returned man or not. He required a valuation of the plant as distinct from anything paid for goodwill. The amount paid for goodwill should be justified by the earnings of the business for the past two years. He had been asked to lay down a formula for the assessment of goodwill, but he was not prepared to do that. The method of assessing goodwill was a matter of opinion. The need for information about the amounts paid for plant and goodwill was shown by the fact that a number of transport operators had tried to sell their businesses at absurdly high prices.
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https://paperspast.natlib.govt.nz/newspapers/ST19441216.2.59
Bibliographic details
Southland Times, Issue 25548, 16 December 1944, Page 6
Word Count
203SALE OF TRANSPORT BUSINESSES Southland Times, Issue 25548, 16 December 1944, Page 6
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