Compañía Del Gramófono S.A.E.

Spanish subsidiary company of the The Gramophone Co. Ltd., located in Barcelona, "Compañía Del Gramófono, Sociedad Anónima Española", founded circa 1910.
Owner of label Compañía sa Del Gramophone Barcelona probably could be the earlier name, any info welcome.
Impuesto de lujo a metálico. Permiso nº 126 (used also later in Compañia Del Gramofono-Odeon, S.A.E.)

In 1933 following the merger of The Gramophone Co. Ltd with Compañia Del Gramofono-Odeon, S.A.E.