OF HUGIN GB WHO HAD RECEIVED SIMILAR TRAINING .
IN JANUARY 1970 HUGIN GB INFORMED LIPTONS THAT THE SALES OBJECTIVE FOR EACH YEAR SHOULD AMOUNT TO POUND ST . 75 000 AT RETAIL PRICES AND UNDERTOOK TO ALLOW QUANTITY REBATE ON SALES ABOVE THAT FIGURE . IN FACT LIPTONS , DUE NO DOUBT , IN PART , TO THE BOOM IN CASH REGISTERS BROUGHT ABOUT BY DECIMALIZATION , SUCCEEDED IN SELLING HUGIN CASH REGISTERS FAR IN EXCESS OF THAT FIGURE . LIPTONS ' TOTAL TURNOVER INCLUDING THE SALE OF HUGIN CASH REGISTERS AND RENTAL OF CASH REGISTERS FROM THE DATE OF APPOINTMENT TO THE TERMINATION OF THE AGREEMENT IN MAY 1972 WAS AS FOLLOWS :
// //
ACCOUNTING YEARS // GROSS // HUGIN // MISCELLANEOUS // RENTAL //
( JULY 1969 TO JUNE 1972 ) // TURNOVER // SALES // SALES //
// POUND ST . // POUND ST . // POUND ST . // POUND ST . //
//
1969/70 // 177 237 // 159 299 // 17 938 // - //
1970/71 // 285 000 // 254 237 // 27 263 // 3 500 //
1971/72 // 112 008 // 90 125 // 16 383 // 5 500 //
****
DURING THE PERIOD APRIL 1969 TO MAY 1972 , LIPTONS PURCHASED THE FOLLOWING AMOUNTS OF SPARE PARTS FOR HUGIN CASH REGISTERS FROM HUGIN GB FOR USE IN THE MAINTENANCE AND REPAIR OF CASH REGISTERS SOLD UNDER THE AGREEMENT AND ALSO FOR THE MAINTENANCE AND REPAIR AND RECONDITIONING OF NEW AND SECOND-HAND HUGIN CASH REGISTERS PURCHASED BY LIPTONS ON ITS OWN ACCOUNT FOR RENTING AND RESALE .
1970 POUND ST . 5 777 1971 POUND ST . 2 303 1972 POUND ST . 1 886 POUND ST . 9 966 IN 1970 LIPTONS ENTERED THE BUSINESS OF RENTING OUT CASH REGISTERS . THIS BUSINESS DEVELOPED RAPIDLY AND HAS BECOME , SINCE THE TERMINATION OF THE DISTRIBUTION AGREEMENT , THE MAJOR PART OF LIPTONS ' BUSINESS , ACCOUNTING FOR NEARLY 80 % OF ITS PRESENT TURNOVER .
IN JANUARY 1972 HUGIN AB FOUNDED A SUBSIDIARY IN THE UNITED KINGDOM CALLED HUGIN CASH REGISTERS LTD ( HEREINAFTER REFERRED TO AS ' HUGIN UK ' ). AN AGREEMENT WAS REACHED BETWEEN HUGIN GB AND ITS PARENT COMPANY ON THE ONE HAND AND HUGIN AB AND HUGIN UK ON THE OTHER , WHEREBY HUGIN UK TOOK OVER SOME OF THE ASSETS AND LIABILITIES OF HUGIN GB WITH EFFECT FROM 8 JANUARY 1972 . THE AGREEMENT WAS COMPLETED ON 22 MARCH 1972 . HUGIN UK DID NOT , HOWEVER , AGREE WITH HUGIN GB TO TAKE OVER THE RIGHTS AND OBLIGATIONS OF HUGIN GB RELATING TO THE AGREEMENT WITH LIPTONS , BUT LIPTONS WAS NOT INFORMED OF THIS FACT UNTIL APRIL 1972 WHEN HUGIN UK OFFERED LIPTONS A NEW DISTRIBUTORSHIP AGREEMENT . LIPTONS REFUSED THE OFFER IN VIEW OF THE FACT THAT THE TERMS OF THE NEW AGREEMENT WERE LESS WIDE IN SCOPE THAN THOSE OF THE PREVIOUS AGREEMENT WITH HUGIN GB .
ON