PRIMITIVA GAS..
Shareholders of the Primitiva Gas Company have reason to be well satisfied with the report for the past year which shows a profit of £222,521 as against £151,055 for the previous year. After placing 175,000 to Depreciation, and £10,000 to Contingencies, the directors are able to resume the dividend on the Ordinary capital at the rate of 5 per cent., while the carry forward is £56,605 as compared with only £12,663 a year ago. Good progress is reported in business during the year, while the directors state that as the result of negotiations with the Cia Hispano-Americana de Electricidad that: company will purchase a substantial number of shares of the Primitiva Company and will co-operate in its consolidation and develop. ment. Full details are promised at the forthcoming meeting.
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