Mutual help for housebuying
Mutual help for housebuying
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.
Catalogue reference: BT 31/9414/69946 (22 April 1901)