L&M describe this covered exchange for merchants as being on Corn Street, and this National Archives article suggests similar:
In the 14th century the records [of the Corporation of Bristol] were kept in the Guildhall and it would appear that with certain exceptions there they remained until the 16th century. After the dissolution of the chantries, St George’s Chapel adjoining the Guildhall was closed and the building was then used as a repository for the city archives. About the same time (1551) a new Council House or Tolzey was built in Corn Street where provision was made for keeping some of the archives, although it seems that most of the records remained in St George’s Chapel. The Town Clerk must have kept the important administrative records in his custody.
My emphasis.
However, this article suggests the Tolzey was just north of All Saints’ Church.
The map points to the current location of the merchants’ “nails”, which are on Corn Street.
3 Annotations
First Reading
Terry Foreman • Link
Merchants' Tolzey (Bristol) was both exchange and mercantile court
"A court called the Tolzey court (from having been anciently held [and confirmed in 1373 by the charter (47 Edw. Ill) ( http://goo.gl/3hOrT )], at the place where the king's tolls, or dues, were collected) http://www.british-history.ac.uk/… was held in a covered area where merchants met along the south wall of All Saints Church http://en.wikipedia.org/wiki/The_… until 1551 when a new Council House or Tolzey was built in Corn Street http://www.nationalarchives.gov.u… Trading continues there in a 1741–43 bldg., but the court was abolished in 1971. http://www.bristol.indymedia.org.…
Terry Foreman • Link
At the Tolzey all commodities, including human, were traded
The Royal African Company, a London based trading company, had control over all trade between countries in Britain and Africa before the year 1698. At this time, only ships owned by the Royal African Company could trade for anything, including slaves. Slaves were increasingly an important commodity at the time, since the British colonization in the Caribbean and the Americas in the 17th century. The Society of Merchant Venturers, an organization of elite merchants in Bristol, wanted to commence participation in the African slave trade, and after much pressure from them and other interested parties in and around Britain, the Royal African Company’s control over the slave trade was broken in 1698.
http://en.wikipedia.org/wiki/Bris…
Terry Foreman • Link
Prospects of the Merchant's Tolzey
North http://www.buildinghistory.org/br…
South http://www.buildinghistory.org/br…