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sell at £430
Retail selling price in Australia of the saloon model Hartnett car is expected to be about £430, plus sales tax.
This estimate, based on prevail- ing costs, is given in a prospec- tus for an issue of 400,000 ordi- nary shares of 5/ each, at par, being filed today by Hartnett Motor Co Ltd.
Initially, the company will draw upon British manufactu- rers for components, and the car will be assembled by distributors in each State.
A full-scale local manufactur ing plant will follow. .