It was erected in 1839 to commemorate the generosity of William Maule, the 2nd Earl of Panmure (later 1st Baron of Panmure) during the 'year of short corn' in 1826, a year in which an unusually hot and dry summer led to severe food shortages.
In response, Lord Panmure suspended the collection of rent from his tenant farmers.
[1] The monument was designed by architect John Henderson, and is protected as a category B listed building.
The Camus Cross lies a quarter of a mile to the east on a mound in this avenue.
The monument is an octagonal pedestal flanked by arched buttresses and surmounted by circular fluted column balustraded above the capital and terminating in stone urn.