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Concept
Gloucester and Sharpness Canal
Summary
The Gloucester and Sharpness Canal (also known as the Gloucester and Berkeley Canal) is a ship canal in the west of England, between Gloucester and Sharpness; for much of its length it runs close to the tidal River Severn, but cuts off a significant loop in the river, at a once-dangerous bend near Arlingham. It was once the broadest and deepest canal in the world. The canal is long.
Conceived in the canal mania period of the late 18th century, the Gloucester and Berkeley Ship Canal scheme (as it was originally named) was started by architect and civil engineer Robert Mylne. In 1793 an Act of Parliament (33 Geo. 3. c. 97) was obtained authorising the raising of a total of £200,000. The project rapidly encountered financial difficulties – to such an extent that Mylne left the project in 1798.
By mid-1799 costs had reached £112,000 but only of the canal had been completed. Robert Mylne's role was taken over by James Dadford who had originally been engaged as resident engineer on the project in 1795. Lack of funds resulted in the company ceasing to employ Dadford in 1800.
Between 1800 and 1810 various attempts were made to raise money to allow further building but they came to nothing. Money from tolls and rents allowed for some improvements to be made to the basin at Gloucester in 1813.
Following the Poor Employment Act 1817, it was possible for the company to borrow money from the Exchequer Bill Loan Commission. This along with further share issues provided enough money to bring the scheme to completion. After these significant delays, the canal opened in April 1827. In the course of its construction the canal had cost £440,000 (). As opened the canal was wide, deep and could take craft of up to . The longer of the two locks onto the canal proper was long.
By the middle of the 19th century it proved possible to pay a small dividend, the debt to the Exchequer Bill Loan Commission having been repaid with the help of a loan of £60,000 from the Pelican Life Assurance Company.
Official source
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