A bit of a grey area, but I think label owner Eugene Davis was instrumental in putting the record out, so it's a legitimate first issue. As you mention above it was during this time that Mr. Davis sent Guy Hennigan the two fabled copies of Joseph Webster on Crow: I think he played it through at home only once, decided it was crap and and eventually sold both copies for £2.00 each.
I'm sure Guy won't mind me mentioning this but many years later at Lifeline in Dewsbury we were sat talking in the record bar. Butch was on in the hall and played a record which Guy thought was phenomenal and asked me if I knew it's identity. It was, of course, Joseph Webster on Crow!