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Billingsgate Market is the oldest of the markets owned by the Corporation of London. The earliest reference to the market is found in a monastic chronicle which records laws for the regulation of the customs on ships at 'Blynesgate' made by King Ethelred in AD 976. The citizens of London were granted the right to collect tolls at Billingsgate in 1400 by Henry IV. In May 1699 an Act of Parliament conferred special privileges on the market, which was declared an open market for the sale of fish six days in the week, with mackerel to be sold on Sundays.
Originally fish was sold from stalls and sheds around the dock at Billingsgate. In 1850 a market building was constructed on Lower Thames Street but it proved to be inadequate and was demolished in 1873 to make way for the building which still stands today. Designed by Sir Horace Jones (who also designed Leadenhall and Smithfield markets), Billingsgate opened in 1876. The building is now a landmark Grade 2 listed structure.
The Billingsgate Market Acts of 1846 and 1871 and the City of London (Various Powers) Acts of 1973, 1979, 1987 and 1990, have confirmed the City's role as the Market Authority and laid down its responsibilities and rights, including the making of regulations, byelaws and the collection of tolls, rents and other charges. The Billingsgate and Leadenhall markets were controlled by the same superintendent who reported back to the Market Committee of the City of London.