22 MARCH 1930, Page 46


The latest annual report—the third—of Hydro Electric Securities is a remarkably good one, indicating a very great expansion in income and assets. For example, it is shown that at the end of last year the value of the company's invest- ment assets was over $79,000,000, as compared with an original cost of $43,758,000, while the report adds that the appreciation has further increased since the end of last year. The revenue for the year was $2,895,714 from interest and dividends, and $4,121,458 from realized profit on investments, while the final net income, after deducting administrative expenses, was $6,893,863.