Caution Advised When Buying Businesses Which Depend On Licences

Bay of Plenty Beacon, Volume 12, Issue 22, 17 February 1948, Page 8

Caution Advised When Buying Businesses Which Depend On Licences

Where special import licences and quotas of controlled rationed goods are issued to eligible ex-servicemen as rehabilitation measures these -are restricted to the persons to whom they are granted, says a statement from the Rehabilitation Board. They are also confined to the specific businesses in which the original applicants stated they were to be used. “When the holder of a special rehabilitation import licence or quota of controlled rationed goods sells his business, the licence or quota is subject to cancellation, even although the purchaser may also be an ex-serviceman. A claim by the purchaser for import licences or quotas of rationed goods is treated solely on his claim for rehabilitation assistance and has no relationship to the special rehabilitation licences or quotas which may ha.ve. been held by the vendor. “Purchasers—both ex-servicemen and non-ex-servicemen—are strongly advised, in their own interests, to examine the conditions under which materials and goods in short supply are made available to the business. There is no guarantee that because a business has been issued with import licences or quota, the purchaser of the business will receive similar treatment.”