Hey Jim, I listened to that song by "Free Loan Investments," and let me tell you; definitely not it. I won't actually even post the lyrics here. Here are pretty much the exact same lyrics Tam the Bam posted, but sourced. These lines are from the book "Socialist Songs," edited by Race Matthews, page 59. You can look at the book here. The book also reports that it was a song sung by student socialist movements.

BOMBING THE BOURGEOISIE

We'd bags of gold from Moscow, boys, and tons of T.N.T.
And when the night was dark, my boys, we'd have a jamboree
And if we killed some workers it was accidentally
Oh, 'tis my delight on a dirty night to bomb the bourgeoisie

When I took up with politics to set the workers free
I left the Labor Party, boys, and joined the red CP.
I soon made friends with Pollitt--we was great friends, him and me
Oh, 'tis my delight on a dirty night to bomb the bourgeoisie

But Gareth indicated there was more of the song. I can't seem to find anything else on the song but those 2 stanzas.