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The City of London was first granted the sole right of establishing markets in 1327 by Edward III, rights which were reaffirmed in 1663 by Charles II. Laws existed to ensure that markets were properly run and that traders were not able to sell products of inferior workmanship or bad food. Market tolls, lettings and regulation were handled by the Courts of Aldermen and Common Council. Supervision then passed to the City Lands Committee, before a Markets Committee was finally established. In 1875 the Committee was divided into sub-committees responsible for individual markets. The committees kept accounts and maintained buildings.
The City of London markets included Stocks Market, Honey Lane Market, Fleet Market, Newgate Market, Smithfield Market, Deptford Market, Farringdon Market, Billingsgate Market, London Central Meat and Poultry and Provision Markets and the Metropolitan Cattle Market at Islington. Several of these markets have been closed or amalgamated.