Birmingham Canal Navigations
Incorporated in 1768. A canal in central Birmingham engineered by James Brindley, designed to connect the Black Country and its coal mines to the industries in the city. It was connected with the Staffordshire and Worcestershire Canal near Wolverhampton and later merged with the Birmingham and Fazeley Canal company in 1784 being clumsily renamed the Birmingham and Birmingham and Fazeley Canal Navigations (later changed to the Birmingham Canal Navigations). The canal network was one of the busiest in Britain, continuing successfully through the introduction of railways, and it remains an extremely busy waterway today for leisure cruisers.
Capital £55,000 in £100 shares. Additional £15,000 if required. Reduced by second Act to £50,000 in £100 shares, with additional £5,000 and £15,000 if required. Shares subdivided in 1835, (£71).
1768