"LABOR DAILY"
MR. LANG APPOINTS RECEIVER
(Received January 26, 1.50 p.m.)
SYDNEY, This Day.
Mr. J. Ti Lang, Leader of- the State Opposition, has appointed Mr. Norman Alphonsus McCauley receiver and manager of the "Labor Daily" to protect his second debenture security in that paper. It is expected that immediate legal action will be taken by shareholders to clarify the situation.
A sensational development in official Sydney Labour circles last week was the announcement that Mr. Lang had given notice to the board of directors of the "Labor Daily" of his intention to call up the principal second debenture of £13,764, together with interest £3400. In the event of default he Intended to . appoint a receiver as manager of the newspaper. It is expected that Mr. Lang will in due course quit the Labour movement and that the "Labor Daily". will fall ■ into the hands of an industrial section composed largely of miners, who for years have contributed largely to the support of the paper. -
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https://paperspast.natlib.govt.nz/newspapers/EP19380126.2.121
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Evening Post, Volume CXXV, Issue 21, 26 January 1938, Page 12
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165"LABOR DAILY" Evening Post, Volume CXXV, Issue 21, 26 January 1938, Page 12
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