I never owned a 240 but from looking at the two pictured in the '80 & the '81 catalogs I'm not impressed.
I know in times past when folks come up with examples they claim are this, or that, it can get pretty entertaining. :lol:
http://brochures.yokochou.com/guitar-and-amp/fernandes/1980/en_p1112.html
http://brochures.yokochou.com/guitar-and-amp/fernandes/1981/en_p1112.html