 The grant of a market was the first ever official grant of a weekly market to a burgh.Moreover, between 1189 and 1195, King William granted the burgh an annual fair, a fair still in existence today, increasing Glasgow's status as an important settlement.As well as new revenues for the bishop, the rights entailed by Glasgow's new burghal status and market privileges brought new people to the settlement, one of the first of whom was one Ranulf de Haddington, a former burghess of Haddington.