A MILLION PROFIT
FOR LIBERAL PARTY
LLOYD GEOEGE'S NEWSPAPER DEAL. (United Press Association.—Copyright.) LONDON, 29th November. It is understood that Mr. Lloyd George mado at least a million sterling profit for the Liberal Party by the sale of the "Daily Chronicle" and other publications, thus doubling the party's funds. The "Chronicle" and the "Sunday News" cost Mr. Lloyd George £1,600,000 in 1918, and the company had since acquired two or three other papers, all of which are now being sold at about three millions. [A group of Calcutta merchants, including the Earl of Beading (chairman), Sir David Yale, and Sir Thomas Cato, has purchased Mr. Lloyd Goorge's controlling interests in Newspapers, Limited. It has been announced that the newspapers affected, including tho "Daily Chronicle," will follow a policy of progressive Liberalism.]
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Bibliographic details
Evening Post, Volume CXII, Issue 131, 30 November 1926, Page 9
Word Count
131A MILLION PROFIT Evening Post, Volume CXII, Issue 131, 30 November 1926, Page 9
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