This is documentation of the Sunderland Working
Men's House Club Ltd, which was formed in 1901 by five men, including a
corn miller and two coal trimmers. Its objects were 'First, to enable each
of its members to become the owner of his house; and secondly, to buy and
sell land, buildings and ground rent at a profit'. Each shareholder was
to pay a weekly sum, 'say 2s 6d' to the company 'until he has sufficient
money (i.e. shares) in the company to enable him (with the aid of a loan
from the Company, on security of his shares) to purchase his house'. However,
the venture failed and was wound up. The National Archives holds some
records of dissolved companies, from which this document is taken. |