 The Chinese used to call the road "thih pa sat khau", meaning "the street to which the iron market opens or faces", a reference to Clyde Terrace Market, which was taken over and run as a public market by the Municipal Commissioners in 1910.Clyde Terrace Market, also known as Beach Road market, had its foundation stone laid on 29 March 1873, with Masonic honours.Costing $37,889, the building was completed in 1874.