I bought an ASHTON Joey - designed in OZ, built in China - for £69 last year (From Music Warehosue in Colchester). It looks like an early Martin tyep 2. I played it next to a small Martin and could not tell the difference - indeed to my ears the Joey sounded better than 340 quids worth of Martin. The deal includes a nice padded case, spare strings, a strap and three picks. It also includes a DVD tutor!
Great 'travel' instrument - the neck is on the small side though.