| Code | DS/UK/53 |
| Corporate Name | Lancashire Cotton Corporation Ltd |
| Dates | 1929 - 1964 |
| Activity | Lancashire Cotton Corporation: The Bank of England had supported the establishment of the Lancashire Cotton Corporation in 1929 as part of its policy of rationalisation. The Corporation had absorbed 96 companies owning one quarter of the country's cotton spindles between 1929 and 1932. However, further schemes by the Corporation's Frank Platt for the merger of five million spindles owned by 44 companies did not receive Bank backing, and from 1932 Platt was heavily involved in trying to save the ailing concern. This was achieved at a cost of closing half the Corporation's mills between 1932 and 1937. The Company was bought by Courtaulds in 1964. |
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