MG
The Classic Marque

I am new to this board but have spent years on TD/TF board.

In the last month I have acquired Y4575, it has been sitting since 2001 so is getting a full brake overhaul. Also needs replacement engine due to crack and some gearbox work.

Came into New Zealand in 1953 and was a Irsh CKD car.

Thank BW. That is in line with my original thinking. Will investigate further when I get back.
Will be at least 3 weeks, though

Rgds Mike

Thanks guys, you have given me a lot to think about.

The carb is a single HIF44, recently tuned by AC Dodd. No sign of leaks.

The pump was new about 3 years ago. I have had this problem since before I fitted it. Of course, a Mk 1 has a mechanical pump, and I fitted the electric one as near as I could estimate to be the correct position. It didn't occur to me that it might be low...

" -- more tax efficient for him to take money out of the business that way than pay himself a bigger salary. --".

Exactly why I had an ltd when I was contracting in IT. -- Until IR35 screwed it up to a degree.

The more Gov't legislates (aka interferes), and increases the complexity and level of taxation, the more perverse businesses look from.the outside looking in.

But ...

I did work for one company that traded out of premises owned by a Director's pension fund. The company had way more space available to it than was justified but it was allegedly more tax efficient for him to take money out of the business that way than pay himself a bigger salary.

Les,
"fitted a non-return valve into the line between the tank and the pump."

Have you tried putting the non return valve downstream of the pump? (delivery Pipe to carbs side). It seems to me that if the pump is ticking furiously it is trying to fill the delivery line up to the carbs, implying that the fuel has emptied out. Maybe when the tank level is low, fuel in the pipes is drai...

SO - things have gone backwards. All wheel cylinders refitted ( 2 new, 2 with new innards); brake lines cleared of old fluid with gentle compressed air. The master cylinder when installed with new seal kit, showed once again very slow return home after depressing the brake pedal dozens of times.Think 30 seconds plus, even with tank full.
Extracted the master cylinder again - the piston is cle...

Anam, I did read the article so was aware of the situation. It implies that trade from non hotel guests was down but from my experience most people eating at them are hotel guests. In fact if you are working the meal deal makes sense as you wont get an evening meal, drink and breakfast elsewhere for the same money. Even just breakfast is good value. Having said that the menu isnt what it was and t...

Me neither, but if the opportunities are profit making then surely you can borrow money to fund them without giving up the security of ownership.

I can see that being a leaseholder would have advantages if your business changes its space requirements regularly but if you stay put over the long term then you are transferring cash out of the business as rent and have less control.

I am not an accountant but the logic of selling assets - e.g. buildings - was always explained to me when I asked the question was "to free up cash to invest in good profit making opportunities" In this case the extra thousands of Premier Inn rooms, including new sites.