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It was reported that there was great discontent with the dilapidated state of the ‘Meal Market’ and it was proposed to establish a Stock Market and Corn Exchange. A committee was authorised to secure a site.
The old Mealhouse and the adjoining property was purchased as a site for the new Corn Exchange. The price including ‘custom on grain’ was £190. In order to fund the construction, shares were sold for £5 each. See document ‘Subscriptions towards the erection of a Corn Exchange in Biggar’