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The 18m high obelisk was erected in 1827, 48 years after Cook was killed at Owythee in the Pacific. In 1960 the monument was struck by lightning and virtually split down the middle. It was repaired within three months complete with a lightning conductor.

An inscription on the monument says:

In memory of the celebrated circumnavigator Captain James Cook F.R.S. A man of nautical knowledge inferior to none, in zeal prudence and energy, superior to most. Regardless of danger he opened an intercourse with the Friendly Isles and other parts of the Southern Hemisphere. He was born at Marton Oct. 27th 1728 and massacred at Owythee Feb. 14th 1779 to the inexpressible grief of his countrymen. While the art of navigation shall be cultivated among men, whilst the spirit of enterprise, commerce and philanthropy shall animate the sons of Britain, while it shall be deemed the honour of a Christian Nation to spread civilisation and the blessings of the Christian faith among pagan and savage tribes, so long will the name of Captain Cook stand out amongst the most celebrated and most admired benefactors of the human race.