Will labour leaders act?

The Newsletter, vol. 3 no. 119, 26 September 1959 · scan page 1

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THERE’S BLOOD ON COAL- on-the-spot report of disaster p. 272 Weekly Journal of the Socialist Labour League Vol. 3, No 119 Threepence CITY SCANDAL SCARES TORY PARTY ([HE Tories are anxious about the general election. All the careful preparations over the past nine months to create a climate of public opinion favourable to Macmillan are now in danger of being undermined. Ironically enough this threat comes from the heart of Tory financial support—the City of London.

The decision of the Stock Exchange Council to suspend dealings in the Jasper group of companies; the announcement by the State Building Society that it has lent £3; million to this group and the decision of the Chief Registrar of Friendly Societies to intervene in the affairs of this building society are causing alario at ‘Lory Central Office.

They are frightened that the financial speculations of their friends in the City will unmask the really filthy racket which is capitalism .