Let ψ be a positive function defined near the origin such lim1 →0+ ψ(t) = 0. We consider the operator Tzƒ, defined as the pricipal value of the convolution of function ƒ and a kernel K(t) = eiy(t)t−z /ψ(t)1−z, where z is a complex number, 0 ≤ Re(z) ≤ 1, 0 < t ≤ 1 and γ is a real function. Assuming certain regularity conditions on ψ and γ and certain relations between ψ and γ we show that Tθ is a bounded operator on Lp (R) for 1/p = (1+ θ) /2 and 0 ≤ θ < 1, and T1 is bounded from H1 (R) to L1 (R).