A fine example of the Mk.1 Premo lathe Advertised frequently by the agents Goodall from 1949 through the early 1950s, the earliest known publicity for the "Premo" was in the Sydney Morning Herald for the 15th of January, 1949 "Premo 5.25 gap bed hollow spindle screwcutting lathes. For early delivery book your order now" - the occasion almost certainly coinciding with the lathe's introduction. The first version of the lathe (maker unknown) was well built but entirely conventional for the time: 5.25" centre height, 24" between centres, roller-bearing headstock, gap-bed, backgeared and screwcutting with tumble reverse, a T-slotted (but rather short) cross slide and a built on motor/countershaft unit - though the use of flat belt drive (when similar American machines had switched to V-belts in the early 1930s) was hardly an up-to-date feature.

The original (Mk. 1)  "Premo" was advertised frequently by Goodall from 1949 through the early 1950s. The earliest publicity so far discovered was in Sydney Morning Herald for the 15th of January, 1949: "Premo 5.25 gap bed hollow spindle screwcutting lathes. For early delivery book your order now" - the occasion almost certainly coinciding with the lathe's introduction.
Should any reader have a lathe like this, the writer would be interested to hear from you

Above and below: the Mk. 2 Premo lathe as introduced in 1953 and equipped with V instead of flat-belt drive, a screwcutting gearbox and a revised apron that provided power cross feed while also giving a much slower rate of sliding feed.