Barnstaple in the 16th and 17th centuries greatly benefited the town. The wealthy merchants that this trade created built impressive town houses, some of which survive behind more recent frontages—they include No. 62 Boutport Street, said to have one of the best plaster ceilings in Devon. The merchants also built several almshouses including Penrose's, and ensured their legacy by dedicating elaborate monuments to their families inside the church. By the 18th century, Barnstaple had ceased to be a woollen manufacturing town, which was replaced by Irish wool and yarn, for which it was the main landing place; the raw materials were
Barnstaple tanneries, sawmills and foundries, and shipbuilding was also carried on. The Bear Street drill hall was completed in the early 19th century. Barnstaple was one of the boroughs reformed by the Municipal Reform Act 1835. Between the 1930s and the 1950s the town swallowed the villages of Pilton, Newport, and Roundswell through ribbon development. The historic Borough of Barnstaple was long governed by the Mayor of Barnstaple and the Corporation. The seat of government was the Barnstaple Guildhall. The mayor served a term of one year and was elected annually on the Feast of the Assumption of the Virgin (15