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As part of unpublished Turner research informed by local knowledge, Dr Bernard Richards1 hesitated to concur with previous commentators that this is a Dudley view. The apparent presence of a tall dome on the skyline at the centre would suggest that the subject may be Birmingham (the dome being that of St Philips Church, later Birmingham Cathedral), despite falling between various identified Dudley views. Folio 45 recto (D22407) may show Birmingham and 49 recto (D22415) certainly does. The boat with figures at the centre may be a barge, possibly on the Birmingham and Worcester Canal; compare the views in the contemporary Kenilworth sketchbook, for example Tate D21997 (Turner Bequest CCXXXVIII 13a).
Conversation with the author, 14 May 2013.