In the UK we generally work on the Hole Based System of tolerances. Capital H being the designation, these holes are always plus on the Nominal Dimension. All limits and fits are therefore applied to the Shaft or Bush being inserted and are lower case letters.
The Zeus handbook gives all the relevant details of the most commonly, or Preferred Limits used.
The Oilite bush will therefore come above the nominal size, to fit a standard H7 Hole. That hole being, as a Very Rough rule of Thumb, plus 0.025 mm or 0.001", a Smaller hole is less than, while a Larger hole more than.
A certain amount of deformation of the Oilite bush occurs during insertion and the bore of the bush should be a Standard H7 hole after insertion.
On the Continent they prefer to work to the Shaft Based System, the shaft designation carrying the Upper case letter, and all holes, Lower case, these holes are machined accordingly.
Hope these notes help,
Regards
Gray,
Edited By Graham Meek on 25/04/2021 13:00:36