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Colonial Cases

Re Marges, 1920

[bankruptcy]

Re Marges

French Consular Court, Tientsin
1920
Source: The Canton Times, 8 May 1920

 

M. CHARLES MARGES, BANKRUPT, ARRESTED WITH BEING A MENACE TO PUBLIC PEACE.

IS ADJUDGED BANKRUPT IN SUM ESTIMATED AT TAELS 400,000 - FOUR OF LARGEST BANKS HERE INVOLVED?

Tientsin, April 24. - M. Charles Marges, owner of the Chin Straw-braid Export Co. here, was adjudged bankrupt yesterday afternoon by Mr. Toussaint, Judicial Adviser to the French Legation, sitting in the local French Consular Court.  The petition to have M. Marges declared bankrupt was made by several local banks, including the Banque Industrielle, Banque Pludo Chie, Asia Banking Corporation and Chartered Bank of India, Australia and China.  The total amount involved is roughly estimated at Taels 400,000.

  M. Marges was placed under arrest the day before yesterday pending adjudgment of the petition and remains under arrest charged with being a menace to public peace.  This second charge is a consequence of Marges' alleged striking of M. Poplu, Manager of the Banque Industrielle four days ago, and of the alleged threats to do bodily harm to both M. Poplu and the manager of the Banque l'Indo-Chine.  It is charged that M. Mages visited the private residence of these gentlemen with a view to carry out threats to shoot them.  Entrance was forbidden and as an extra precaution the doors and windows were fastened against any attempt to gain entrance.

   To add to the difficulties of the charges, which will be taken up at further sittings of the Consular Court, it is alleged that M. Marges has transferred large amounts of funds, reported to be more than double the amount involved in the bankruptcy charge, to Madame Marges, who is now in France.

   M. Marges well known in Shanghai some years ago, where he won on several occasions the International Walking races and subsequently a large Race Club Cash sweep, which enabled him to launch out into business on his own account. - T. E. News.

Published by Centre for Comparative Law, History and Governance at Macquarie Law School