This view of a forge and its equipment includes an anvil in the foreground, its conical horn pointing to the left. Beyond is the silhouette of a figure, and large round outlines which appear to be the wheels of a cart or carriage standing outside the building. There is a view from the opposite direction on folio 4 recto (D08288). As noted under folio 8 recto (D08295), the studies may relate to the painting A Country Blacksmith Disputing upon the Price of Iron, and the Price Charged to the Butcher for Shoeing his Poney, exhibited at the Royal Academy in 1807 (Tate N00478).1
Martin Butlin and Evelyn Joll, The Paintings of J.M.W. Turner, revised ed., New Haven and London 1984, pp.52–3 no.68, pl.78 (colour).