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COVENANT PERIOD HALVED: IMMEDIATE EFFECT

5th December 1952, Page 26
5th December 1952
Page 26
Page 26, 5th December 1952 — COVENANT PERIOD HALVED: IMMEDIATE EFFECT
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T"period of restraint against resale under the covenant has been reduced, with immediate effect, from two years to one year, announces the Society of Motor Manufacturers and Traders, the Motor Agents' Association, the Scottikt Motor Trade Association and the •British Motor Trade Association.

Those commercial vehicles which are subject to covenant are those of an unladen weight for taxation purposes not exceeding 25 cwt. made by the Austin Motor Co., Ltd. (excluding A70 models), Ford Motor Co., Ltd., Hillman Motor Car Co., Ltd., Standard Motor Co., Ltd. (excluding Vanguard models). and Vauxhall Motors, Ltd.