12 NOVEMBER 1937, Page 44

KENT ELECTRIC ISSUE.

It is indicative of the keen demand for high-class investment securities that although the issue recently announced of £2,000,000 in 31 per cent. Debenture stock at 96 per cent. by the Kent Electric Power Company was not a trustee stock, the market at once gave a good response to the issue. The company itself is controlled by the London Electric Supply Company, which owns nearly the whole of the Ordinary capital. Of the new issue, the proceeds will be applied as to the greater part towards the purchase consideration of the site for the Littlebrook St ition, which is to be a selected station operating under the direction of the Central Electricity Board, who will purchase the whole of the electricity generated there. * * * *