Rights and Privileges
The residence of the Lord Mayor is known as Mansion House. The creation of the residence was considered after the Great Fire of London (1666), but construction did not commence until 1739. It was first occupied by a Lord Mayor in 1752, when Sir Crispin Gascoigne took up his residence in it.
It is sometimes asserted that the Lord Mayor may exclude the Sovereign from the City of London. The legend is based on the misinterpretation of the ceremony observed each time the Sovereign enters the City. At Temple Bar the Lord Mayor presents the City's pearl-encrusted Sword of State to the Sovereign as a symbol of the latter's overlordship. The Sovereign does not, as is often purported, wait for the Lord Mayor's permission to enter the City.
The importance of the office is reflected by the composition of the Accession Council, a body which proclaims the accession of new Sovereigns. The Council includes the Lord Mayor and Aldermen of London, as well as the Lords Spiritual, Lords Temporal and Privy Counsellors. At the coronation banquet which followed, the Lord Mayor of the City of London had the right to assist the royal butler. The same privilege is held by the Lord Mayor of Oxford; the Mayor of Winchester may assist the royal cook. Such privileges have not been exercised since 1821, when the last coronation banquet (commemorating the coronation of George IV) was held.
Since 1545 the lord mayor of London has worn a royal livery collar of Esses. This collar, however, has its origin in no royal favour, Sir John Alen, thrice a lord mayor, having bequeathed it to the then lord mayor and his successors "to use and occupie yerely at and uppon principall and festivall dayes." It was enlarged in 1567, and in its present shape has 28 Esses (the Lancastrian ‘S’), the Tudor rose, the tasselled knots of the Garter and also the portcullis.
Read more about this topic: Lord Mayor Of London
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—Adele Faber (20th century)