DIRECTORS ADVISE LIQUIDATION.
SYDNEY REAL ESTATE, FIRM. (l-VITXS *ll*Bß IBSOCIATtOK—BV EDECTEtC TKLSaHA-FH —COPTKIOHT.) SYDNEY, November 15.' The directors of a city firm of real estate agents, the Arthur Plckard Company, Limited, have dpcided to recommend the shareholders to place the firm in liquidation. The firm and subsidiary concerns have nearly £500,000 outstanding in balances on land sold. The depression severely hit many purchasers who had been given extended credit, and the firm found difficulty in fin&iicing the Operations. The creditors are all secured, and the assets are estimated to exceed the liabilities by over & 600,000.
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Press, Volume LXVI, Issue 20087, 17 November 1930, Page 11
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95DIRECTORS ADVISE LIQUIDATION. Press, Volume LXVI, Issue 20087, 17 November 1930, Page 11
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