IN RECEIVER’S HANDS
RICHFIELD OIL COMPAHY (United Press Association—By Electric Telegraph—Copyright) LOS ANGELES, 16th January. The Richfield Oil Company, one of the major concerns in the field, has been placed in the receivers’ hands. Its liabilities are 35,000,000.d011ar5,, and. assets 120,000,000 dollars. The cause is that there are large outstanding non-collect-able accounts. The receivership in equity will allow the company to continue its operations as it is opposed to liquidation.
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Nelson Evening Mail, Volume LXIV, 17 January 1931, Page 2
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70IN RECEIVER’S HANDS Nelson Evening Mail, Volume LXIV, 17 January 1931, Page 2
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