The first Cutlers' Hall was built in 1638 on the site of the present Hall.
The accounts show that the Company bought the land for £69.12s and paid £86.3s.10d. for the construction or conversion of the building itself. Unfortunately, there are no contemporary pictures of this Hall.
The drawing was executed in the early nineteenth century and is thought by some to be of the first Hall and by others to be of the Tavern where the Company held its meetings prior to 1638.
This first Hall was demolished in May 1725 and the site cleared for the building of the second Hall - this time at a cost of £430.10s.