Loans

Scope and Content

Agreements, receipts and IOUs relating to loans made by the Association to the Amalgamation and Oldham Operative Cotton Spinners Provincial Association. The papers comprise an agreement dated 3 December 1892, between BOCSPA and the other Associations for a loan of £10,000; an IOU and a receipt relating to the same; and memorandum of agreement and receipt dated 7 January 1893 for loan of £10000 (it is not clear if this is the same loan). The loan was made to the Amalgamation and guaranteed by Oldham Provincial Association, and was to cover lock-out pay made during the dispute in coarse spinning areas over a wage reduction. There is also an agreement dated 12 August 1914 between BOCSPA and Accrington Operative Cotton Spinners' Association for a loan of £100.