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Interesting piece - and I agree it is Old English. I also agree that the 'fish' are a female head profile. The same female head profile canes turn up in a range of paperweights (usually, like these, with a thin contrasting colour around the edge, and sometimes filled with clear glass). Some of these paperweights appear to be Richardson pieces, with the remaining canes typical Richardson. Others seem to be a mix of canes of 'unknown' origin. I suspect that these were made in the late 19th century using canes made somewhat earlier - but by which factory (or factories) remains a mystery at present!
Alan