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@freddo
you should be able to pick up a frame for <£50 - if you convert the galaxy it'll never be completely satisfying.
I assume you're talking about going fixed rather than SS?
If you're really dead set, you can use a magic gear, but the problem is that it costs more as you arse around with specific numbers of teeth, you're constantly worried about chain stretch (leading you to buy a more expensive chain) and it's really hard to change your gear ratio, so unless you know exactly what you want, you could end up stuck with the wrong gear ratio. You'll need to cold press your frame to get a rear wheel in (or use spacers = more cost / hassle), though you may have to do this on a regular conversion anyway.
(ignore all the above if you're talking about going ss).
None of the above should put you off, it's just a cost/hassle issue, though I reckon it'll be a false economy. What should put you off is that the geometry on the frame is build for touring. The angles are different and it'll ride and look strangely. You'll get more flex and less power (=control/braking when riding fixed). It'll be comfortable but harder to get around corners as the wheelbase will be longer.
As pj & horatio say, this isn;t worth doing on a bike unless the frame is really special.