Another Panama Scandal London, April 24.
A Paris despatch states that the inquiry into the affairs of the Banque Industrielle de Chine has extended to the'affairs of the Pacific Maritime and Commercial Company, founded by M. Albert Gallusser in "aly, 1918, who is now charged on complaint of numerous shareholders with infringing the Company Law, abuse of confidence and swindling.
It is alleged that M. Pernotte made considerable advances to the Pacific Company out of the coffers of she Banque Industrielle, to which the Company owed 180,000,000 francs when M. Gallusser finally received his congo. M. Gallusser, however, declares that the debt was only about a quarter of this amount.—Reuter.
"An Occult Branch of the Banque Industrielle": Strange Revelations London, Apr. 25.
A Paris despatch states that the report of M. Cord of the Financial Affairs Section, which led to the inquiry into the affairs of the Pacific Maritime & Commercial Ca., describes the company as "an occult branch of the Banque Industrielle de Chine' and says that M. Albert Gallusser made the acquaintance of M. Pernotte in Tientsin. M. Pernotte advanced him money and in July, 1918, helped him to found the Pacific Company with a capital of 1,500,000 francs which was successively raised to 25,000,000 francs.
M. Pernotte and M. Gallusser are alleged to have formed a syndicate for the flotation of Pacific Company shares at 400 francs, which they first bought in at 290
Text read from the printed page and cleaned; old type leaves the occasional error.