William Hope (VC) - Business

Business

Following his military career, Hope was involved in a number of business ventures. In 1862 he was described as General Manager of the International Financial Society, and was also Director of the Lands Improvement Company, through which he had been involved in reclamation and irrigation work in Spain and Majorca. With William Napier, he proposed a scheme to convey sewage from the northern outfall of Joseph Bazalgette's London sewer system some 44-mile (71 km) across Essex to reclaim 20,000 acres (81 km2) of land from Dengie Flats, and a similar area from Maplin Sands, off the shore of Foulness Island. The estimated cost of the project was £2.1 million, and although work started in 1865, a crisis in the banking system, when the Overend Gurney bank failed, made it difficult to obtain finance, and the scheme foundered.

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