SVR policy in the earliest years of preservation was that locomotives should be acquired by individuals or groups rather than the railway itself. However following the incorporation of [[SVR(H)]] in March 1972 at the instigation of [[Sir Gerald Nabarro]], SVR News announced in summer 1972 that the company was in the course of acquiring 4930 Hagley Hall from Barry. The indicative cost including purchase and restoration was given as £4,000. A preserved Hawksworth 4,000 gallon tender, no 2740, had already been acquired from Swindon for use with the locomotive.<ref>SVR News 24</ref> At the time the deal was the subject of a disagreement between Nabarro and [[Richard Dunn]] who had suggested it should be a private purchase, and was also badly received by the railway's volunteers; not least because the locomotive was seen as a vanity purchase being too heavy to run on the SVR at that time.<ref>[[Bibliography#Books|Marshall (1989)]] p. 181.</ref><ref group="note">Two other 'overweight' locomotives had also arrived around that time. [[The Earl of Lindsay|Viscount Garnock]]'s [[61994 The Great Marquess|3442 The Great Marquess]] had been described as being capable or running on the railway, although it clearly was not, while [[BR Standard Class 7 70000 Britannia|70000 Britannia]] was not allowed to cross [[Victoria Bridge]] with a full boiler.</ref>
Having been bought by SVR(H) in June 1972, 4930 was became the 29th locomotive to leave Barry, moved from Barry there to [[Bewdley Down Yard]] by rail, and arriving on 6 January 1973in a convoy which also included [[GWR 4141|4141]], [[GWR Large Prairie 5164|5164]], and [[GWR 7819 Hinton Manor|7819 Hinton Manor]]. A six-year restoration began, initially at Bewdley. The boiler had been lifted by autumn 1972,<ref>SVR News 29</ref> and was moved during the 'big lift' of five boilers on 3 May 1976.<ref>SVR News 40</ref> Around that time the SVR Board confirmed that funds would be made available to complete the restoration, and in autumn 1977 a committee of five members was set up to monitor the expenditure.<ref>SVR News 45, General Manager's Notes</ref>
In winter 1977 4930 moved to [[Bridgnorth Loco Works]] where the restoration would be completed.<ref>SVR News 46</ref> After that time much of the restoration was carried out by the late Ray Tranter; his work and that of Dave Reynolds on [[46521]] being described by Chief Engineer [[Alun Rees]] as "The nearest which the Locomotive Department has come to one-man projects". By spring 1979 the mechanical work was complete with the locomotive awaiting completion of the boiler.<ref>SVR News 51</ref>
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The final cost of the overhaul was estimated to be around £1.3m.<ref>Autumn Steam Gala 2022 Souvenir Programme</ref> A comprehensive record of the overhaul can be found on the news section of the [http://www.4930hagleyhall.org.uk/news/news.html Friends of Hagley Hall web site].
===Ownership and support===