It was created in 1728 for Sir John Monson, 5th Baronet.
Monson was the son of Sir John Monson, 2nd Baronet of South Carlton and Broxbourne, Hertfordshire and his wife Ursula Oxenbridge, daughter of Sir Robert Oxenbridge of Hurstbourne Priors, Hampshire.
On 28 May of the following year he was created a peer, with the title of Baron Monson of Burton, Lincolnshire.
In 1768, he signed a protest against the bill to limit the dividends of the East India Company.
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Sir John Monson's descendant, another Sir John Monson, 5th Baronet (1693–1748), was created Baron Monson in 1728.
In 1635, Owersby-based local landowner, Sir John Monson drained the Ancholme valley by cutting a straight new channel making two rivers at Brigg, which made the town less vulnerable to flooding.