Loquis: Steelyard

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Published on:  2020-04-29 10:12:00


It was the main trading base of the Hanseatic League in London during 15th and 16th centuries. The Steelyard was located on the north bank of the Thames by the outflow of the Walbrook, in the Dowgate ward of the City of London. The site is now covered by Cannon Street station and commemorated in the name of Steelyard Passage. The Steelyard, like other Hansa stations, was a separate walled community with its own warehouses on the river, its own weighing house, chapel, counting houses, a guildhall, cloth halls, wine cellars, kitchens, and residential quarters. As a church the Germans used former All-Hallows-the-Great, since there was only a small chapel on their own premises. Merchants operating out of the Steelyard were granted certain privileges and were exempt from customs duties and some taxes. In effect, the Steelyard was a separate and independent community, governed by the codes of the Hanseatic League, and enforced by the merchants' native cities. In 1988 remains of the former Hanseatic trading house, once the largest medieval trading complex in Britain, were uncovered by archaeologists during maintenance work on Cannon Street Station.

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