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Stourbridge Canal
The Stourbridge Canal is a canal in the West Midlands of England. It links the Staffordshire and Worcestershire Canal (at Stourton Junction, affording access to traffic from the River Severn) with the Dudley Canal, and hence, via the Birmingham Canal Navigations, to Birmingham and the Black Country. History The Stourbridge and Dudley canals were originally proposed as a single canal in 1775, with a primary purpose of carrying coal from Dudley to Stourbridge. Robert Whitworth had carried out a survey, which was approved at a meeting held in Stourbridge in February, at which the estimated cost was promised by subscribers. The chief promoter was Lord Dudley, but the bill was withdrawn from Parliament following fierce opposition from the Birmingham Canals. Two bills were presented in the autumn, one for each of the canals, with the details largely unchanged, and both became Acts of Parliament on 2 April 1776, despite continued opposition from Birmingham. The Act allowed the promo ...
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Brierley Hill
Brierley Hill is a town and electoral ward in the Metropolitan Borough of Dudley, West Midlands, England, 2.5 miles south of Dudley and 2 miles north of Stourbridge. Part of the Black Country and in a heavily industrialised area, it has a population of 13,935 at the 2011 census. It is best known for glass and steel manufacturing, although industry has declined considerably since the 1970s. One of the largest factories in the area was the Round Oak Steelworks, which closed down and was redeveloped in the 1980s to become the Merry Hill Shopping Centre. Brierley Hill was originally in Staffordshire. Since 2008, Brierley Hill has been designated as the Strategic Town Centre of the Dudley Borough. History The name Brierley Hill derives from the Old English words 'brer', meaning the place where the Briar Rose grew; 'leah', meaning a woodland clearing; and 'hill'. Largely a product of the Industrial Revolution, Brierley Hill has a relatively recent history, with the first writt ...
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Share Capital
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or par ...
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Railway And Canal Traffic Act 1888
Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles (rolling stock) are directionally guided by the tracks on which they run. Tracks usually consist of steel rails, installed on sleepers (ties) set in ballast, on which the rolling stock, usually fitted with metal wheels, moves. Other variations are also possible, such as "slab track", in which the rails are fastened to a concrete foundation resting on a prepared subsurface. Rolling stock in a rail transport system generally encounters lower frictional resistance than rubber-tyred road vehicles, so passenger and freight cars (carriages and wagons) can be coupled into longer trains. The operation is carried out by a railway company, providing transport between train stations or freight customer facil ...
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Stourbridge Extension Canal
The Stourbridge Extension Canal was a short canal built to serve a number of mines in the Kingswinford area of Staffordshire in England. Although connected to the Stourbridge Canal, it was independent from it. It opened in 1840, and was abandoned in 1935. A short section of it is still used as moorings for boats using the Stourbridge Canal. History In the 1820s, a number of coal mines opened up in the Kingswinford area, which was just to the north-west of the Fens branch of the Stourbridge Canal. Although a survey was carried out by Samuel Hodgekinson for a canal or a railway to service the mines, no definite proposals emerged. Gibbons and Co., owners of the first mine to open, built a tramway to Brockmoor in 1825, and a railway from the Staffordshire and Worcestershire Canal was constructed by Lord Dudley, which opened in 1829, but there were further plans for both canals and railways to the area of Shutt End. The Stourbridge Canal company then proposed an extension of their c ...
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Kingswinford
Kingswinford is a town of the Metropolitan Borough of Dudley in the English West Midlands, situated west-southwest of central Dudley. In 2011 the area had a population of 25,191, down from 25,808 at the 2001 Census. The current economic focus of Kingswinford is education and housing for commuters. Positioned at the far western edge of the West Midlands Urban Area it borders on a rural area extending past the River Severn; but its position at the edge of the Black Country and its long standing in the area means it has had significant industrial influence in the past. This is illustrated by the influence in creating local workhouses, which shows a population of 15,000 plus in the 1831 census. History Historically in Staffordshire, Kingswinford is mentioned in the Domesday Book; its name relates to a ford for the King's swine (Kingswin(e)ford) – Latin Swinford Regis. The ancient parish of Kingswinford spanned Wordsley, Brierley Hill and Quarry Bank. The parishes of Kingswinf ...
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Coalbrookdale
Coalbrookdale is a village in the Ironbridge Gorge in Shropshire, England, containing a settlement of great significance in the history of iron ore smelting. It lies within the civil parish called the Gorge. This is where iron ore was first smelted by Abraham Darby using easily mined "coking coal". The coal was drawn from drift mines in the sides of the valley. As it contained far fewer impurities than normal coal, the iron it produced was of a superior quality. Along with many other industrial developments that were going on in other parts of the country, this discovery was a major factor in the growing industrialisation of Britain, which was to become known as the Industrial Revolution. Today, Coalbrookdale is home to the Ironbridge Institute, a partnership between the University of Birmingham and the Ironbridge Gorge Museum Trust offering postgraduate and professional development courses in heritage. Before Abraham Darby Before the Dissolution of the Monasteries, Madel ...
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Worcester And Birmingham Canal
The Worcester and Birmingham Canal is a canal linking Birmingham and Worcester in England. It starts in Worcester, as an 'offshoot' of the River Severn (just after the river lock) and ends in Gas Street Basin in Birmingham. It is long. There are 58 locks in total on the canal, including the 30 Tardebigge Locks, one of the longest lock flights in Europe. The canal climbs from Worcester to Birmingham. The canal also has connections with the Stratford-upon-Avon Canal, and the restored Droitwich Canal, it historically linked to the Dudley Canal Line No 2, until the route through the Lapal Tunnel was abandoned in 1917. History The parliamentary bill permitting its construction was passed in 1791 empowering the company to raise £180,000 (equivalent to £ in ), through 1,800 shares at a cost of £100 each. It also allowed them to raise a further £70,000, if needed, amongst themselves or by the mortgage of tolls and rates. The Act also permitted the company to allow landowne ...
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Selly Oak
Selly Oak is an industrial and residential area in south-west Birmingham, England. The area gives its name to Selly Oak ward and includes the neighbourhoods of: Bournbrook, Selly Park, and Ten Acres. The adjoining wards of Edgbaston and Harborne are to the north of the Bourn Brook, which was the former county boundary, and to the south are Weoley, and Bournville. A district committee serves the four wards of Selly Oak, Billesley, Bournville and Brandwood. The same wards form the Birmingham Selly Oak constituency, represented since 2010 by Steve McCabe (Labour). Selly Oak is connected to Birmingham by the Pershore Road (A441) and the Bristol Road (A38). The Worcester and Birmingham Canal and the Birmingham Cross-City Railway Line run across the Local District Centre. The 2001 population census recorded 25,792 people living in Selly Oak, with a population density of 4,236 people per km2 compared with 3,649 people per km2 for Birmingham. It had 15.9% of the population consisting ...
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Lapal Tunnel
The Lapal Tunnel (old spelling Lappal Tunnel) is a disused canal tunnel on the five mile dry section of the Dudley No. 2 Canal in the West Midlands, England. It takes its name from the settlement of Lapal. History The narrow brick-lined tunnel, built in 1798 by William Underhill, had no towpath. It had a very small bore — at 7 feet 9 inches, barely wider than the boats which used it, with a headroom of only 6 feet. Boats originally took about three hours to complete the passage by legging or poling, so in 1841 a steam engine was built at the Halesowen end which drove a scoop wheel to load the tunnel with water. Stop gates could be opened at either end to assist boats along the tunnel in either direction. The tunnel suffered many collapses, and after a collapse in 1917 due to mining subsidence it was abandoned. It runs under Lapal, the M5 motorway near junction 3 and Woodgate Valley Country Park. The canal between Halesowen and Selly Oak is disused and some sections h ...
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Dividend
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax dedu ...
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Limestone
Limestone ( calcium carbonate ) is a type of carbonate sedimentary rock which is the main source of the material lime. It is composed mostly of the minerals calcite and aragonite, which are different crystal forms of . Limestone forms when these minerals precipitate out of water containing dissolved calcium. This can take place through both biological and nonbiological processes, though biological processes, such as the accumulation of corals and shells in the sea, have likely been more important for the last 540 million years. Limestone often contains fossils which provide scientists with information on ancient environments and on the evolution of life. About 20% to 25% of sedimentary rock is carbonate rock, and most of this is limestone. The remaining carbonate rock is mostly dolomite, a closely related rock, which contains a high percentage of the mineral dolomite, . ''Magnesian limestone'' is an obsolete and poorly-defined term used variously for dolomite, for limes ...
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Ironstone
Ironstone is a sedimentary rock, either deposited directly as a ferruginous sediment or created by chemical replacement, that contains a substantial proportion of an iron ore compound from which iron (Fe) can be smelted commercially. Not to be confused with native or telluric iron, which is very rare and found in metallic form, the term ''ironstone'' is customarily restricted to hard, coarsely banded, non-banded, and non-cherty sedimentary rocks of post-Precambrian age. The Precambrian deposits, which have a different origin, are generally known as banded iron formations. The iron minerals comprising ironstones can consist either of oxides, i.e. limonite, hematite, and magnetite; carbonates, i.e. siderite; silicates, i.e. chamosite; or some combination of these minerals.U.S. Bureau of Mines Staff (1996) ''Dictionary of Mining, Mineral, & Related Terms.'' Report SP-96-1, U.S. Department of Interior, U.S. Bureau of Mines, Washington, D.C.Neuendorf, K. K. E., J. P. Mehl Jr., and J. ...
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