On 22 May 1920, an advertisement is placed in the Sydney Morning Herald by receivers J. Sydney Smith (Como), M. Maloney & J. Roberts, for the Estate of the late John F. Murphy (one of James Murphy's brothers and business partner) for the sale of the ""FEDERAL BOAT LETTING COMPANY, COMO...The assets consist of about sixty (60) light cedar varnished skiffs, which are stored in two boatsheds, one of which is a floating pontoon, above which is erected a large hall.