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| 正面描述 | Printed in brown and blue on an ocher underprint with geometric design elements, the note carries the company emblem at center flanked by typeset inscriptions denoting the issuing authority under workers' control. The denomination 25 CÉNTIMOS appears in bold lettering, with the date 20 DE MARZO DE 1937 and place of issue GIJÓN also indicated. A black serial number is present, along with signature lines for the Comité de Fábrica and the Delegado Administrativo. |
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| 背面描述 | The reverse is unprinted, bearing only a large embossed dry stamp seal at upper left with circular lettering, serving as an additional authentication device in lieu of printed security features. |
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During the Spanish Civil War, the collapse of small coinage — hoarded, melted, or simply absent — forced hundreds of local bodies across Republican Spain to issue emergency paper fracciones. This note is one of those stopgap instruments: a utility company in Gijón stepping into a role that should have belonged to the Banco de España or the Asturian provisional authorities. The Compañía Popular de Gas y de Electricidad had no banking mandate whatsoever.
Gijón fell to Nationalist forces in August 1937, ending the Northern Front's isolated Republican pocket. Whatever stock of these notes remained in circulation at that point became worthless overnight.