When was it recorded? Jan. 1, 1962
When was it first released, and on which album? Sept. 27, 1963 as a Cilla Black single
Who wrote it? McCartney (with noteworthy contribution from Lennon [probably])
Have I heard this song before? No
What my research dug up:
“Love of the Loved” was, to quote the Beatles Bible, “[o] ne of Paul McCartney‘s earliest musical compositions.” The Quarrymen regularly played it in their live shows, and the song was also popular at the Cavern Club. The Beatles performed “Love of the Loved” at their Jan. 1, 1962 audition for Decca Records. However, while all their other songs from this audition appeared on compilation albums over the years, “Love of the Loved” was always omitted (quoth the most recent Beatles Bible page update, “The Beatles’ version of ‘Love Of The Loved’ is the only original composition from the Decca audition not to have been made commercially available.”). The track circulated on bootlegs and unofficial compilation albums for nearly 50 years before finally appearing on last year’s official compilation album “I Saw Her Standing There.”
Paul and John gave the song to English singer (later actress and TV personality) Cilla Black. Born Priscilla White, Black was the first female client of the Beatles’ manager, Brian Epstein. John introduced Black to Epstein, and the Beatles served as the backing band at her first audition. It did not go well (to put it lightly). However, Epstein saw her perform live at the Blue Angel jazz club and offered her a contract Sept. 6, 1963. From there, George Martin signed Black to Parlophone Records.
Released Sept. 27, 1963, “Love of the Love” was Black’s debut single. It peaked at #35 on the UK Singles Chart (but she had much better luck with other Lennon-McCartney songs in the future).
After listening to both versions, I find this quote from Black’s autobiography fitting.
“I’d heard the song many times in the Cavern and I was ever so disappointed when I got into the studio and heard this jazzy brass sound. Paul did the same thing with ‘It’s For You’ later on. He sounded great on the demo he gave me and then turned it into a jazz waltz by the time I came to record it..” — Cilla Black (What’s It All About?)
I agree with her though — the original arrangement of the song is vastly more interesting.