I had,'t commented on this as I was waiting to see if a real expert was going to give it the run down.(Where are you Wayne?)
From Tony Davis's book, "Rumors again suggested the top Torana was available only to bona fide CAMS racing licence - holders. In reality, the decision about who got one was made by GMH zone mangers. Around 260 L34s were made. If you wanted one, it was an advantage to have a good mate high up in GMH management or a pretty impressive race record."
This was definitely the case for wheels magazine when they were trying to get their hands on one to test in October 1974.
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Wheels Oct 74-2.jpg 219.01K
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Wheels magazine gave up on obtaining an L34 to evaluate through GMH, and in December 1974 they managed to "borrow" one that was owned by the Holden dealer Suttons Arncliffe, and had been loaned to Don Holland. During their testing, they also had Dons SL/R 5000 to compare it with. It was in the resulting article in the magazine that they claimed the L34 was .2 of a second slower than the SL/R 5000. From the article, "The SL/R we first tested suffered from excessive wheelspin off the line and had to be held to low starting revs, while the test L34 hardly spun at all off the line and needed close to 4000 RPM to avoid bogging down hopelessly." This couldn't have been the result of the L34 producing less power. With most manual SL/R 5000s being GU4 (3.08) and nearly all L34s being GU7 (2.78), it would have been the gearing that was limiting it's quarter mile potential. The 14 inch rims and tyres would have only pronounced the effect.
December 1975
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