In Autumn 1970 all three 1500 class locomotives were acquired from Coventry Colliery for use on the SVR. 1501 was initially moved from Coventry to Tyseley for wheel turning, before a further move to Bewdley, both moves being by rail behind a diesel. During the latter move, excessive speed caused damage to one of 1501’s axle boxes. The other two NCB locos (1502 and 1509) were used as a source of parts for restoring 1501; the remains were then scrapped.
In service on the SVR, 1501 has proved a powerful locomotive for its size, acquiring the nickname “the raging bull”. The locomotive is owned by the [[15xx Pannier Tank Trust]].It is supported by the ‘1501 Pannier Tank Association’, Registered Charity No. 1134477. The charity's aims are to "provide support and financial assistance for the preservation of steam locomotive 1501."<ref>http://apps.charitycommission.gov.uk/ The Charity Commission register of charities</ref>
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