Sorry about the ebay gamble that didn't pay off. Got my hands on this "new" one (used - but as new) and I'm amazed. It's well made (clean as a whistle inside - no whiskers or globs of glue) - smooth frets, low action, gold plated geared tuners and a big bright sound.
At £65 it's unbelievable value - I think back to my 1st guitar; twenty five quid for an Antoria acoustic in 1966 - what a pile of crap that was by comparison.