Show RICHFIELD OIL 1 PLAN SUBMITTED LOS ANGELES Aug 21 UP UP- UP Th The merging of Richfield Oil com pan pany anY holdings with the oil Interests Inter Inter- ests controlled 1 by Harry F. F Sinclair Sin Sin- Sinclair clair today was submitted to bondholders bondholders bond bond- ond holders ra and creditors for approval tho the Pacific as a means of ot taking coast coast concern out of its year five old receivership Tho new new reorganization plan plan was submitted to Federal Judge William Wil Wi- William liam iam P P. James Tames by the tho New York firm Irm of ot Kuhn Loeb Co Coo and a reorganization committee Judge James authorized tho the submission submission sub sub- mission of ot the plan pIan to bondholders and uns unsecured cured creditors tor for approval approval ap- ap or rejection Tho plan provides for the formation formation forma- forma tion lon of r ran an an enl enlarged rg d new company In n which the h holders of nearly 60 of or bonds and claims will participate together with Consolidated Consol- Consol Id dated ted Oil corporation Cities ClUes Ser Sor Service I vice ice company Rio Grande Oil company com corn I pan pany pant and others In InI I addition to th the properties properness of Richfield and Rio Grande the new company would be benefited by the tho Injection of between and In n new W cap capital which would provider the tho combined company company company com com- pany with a a. working capital of about |