The Basingstoke Canal was completed in 1794, built to connect Basingstoke with the River Thames at Weybridge via the Wey Navigation. Its intended purpose was to allow boats to travel from the docks in East London to Basingstoke.
It was never a commercial success and, from 1950, lack of maintenance allowed the canal to become increasingly derelict. After many years of neglect, restoration commenced in 1977 and on 10 May 1991 the canal was reopened as a fully navigable waterway from the River Wey to almost as far as the Greywell Tunnel (32 miles).
The canal is owned by both Hampshire County Council and Surrey County Council, with each authority owning the land within their jurisdiction. Until 1990, both councils managed their own sections separately. It was decided that a central body should manage the entire waterway and the Basingstoke Canal Authority was formed.
This joint council ownership (as opposed to ownership by a more experienced Waterways authority) has lead to some unusual features along the canal, including the policy of leaving locks empty, and the fact that right opposite this cache you are facing residential moorings situated within a flight of locks.
You are looking for a 10" Ammo can situated between the towpath and the Rive Ditch. While you're here, have a look around - THERE'S A DISCOVERABLE TB IN PLAIN SIGHT FOR YOU TO LOG. On warm days there will be muggles-a-plenty so use stealth, and remember to replace it where you find it.