Corporation of London

The concept of the Court of Common Council grew from the ancient custom of the Folkmoot, when the assent of the citizens to important acts was obtained. This custom was continued by the Mayor who consulted the Commons several times during the 13th century. From 1376 the assembly began to meet regularly and was referred to as the Common Council. It was decided that the Council should be made up of persons elected from each Ward. By 1384 a permanent Common Council chosen by the citizens was established for all time. The Council assumed legislative functions and adopted financial powers, confirmed by Charters of 1377 and 1383. The Council has often used these powers to amend the civic constitution, regulate the election of Lord Mayor and other officials, and amend the functions of the City courts. The Council was judged so successful in the conduct of its duties that it was the only Corporation unreformed by Parliament following the Municipal Corporations Commission report of 1837, while the Corporation Inquiry Commission of 1854 suggested only minor reforms. The work of the Council is conducted by a number of committees, while the whole Council has the right to approve policy, confirm major decisions and sanction expenditure. The committees handle many aspects of the running of the City including land and estates, finance and valuation, open spaces, street improvement and town planning, public health, police, Port of London, civil defence, airports, libraries, markets, education, and law. The Town Clerk has held responsibility for recording the minutes of the Council and its committees since 1274.

The Coal, Corn and Finance Committee developed from numerous earlier committees concerned with the finances of the Corporation and the proceeds of the coal and corn duties. The coal duties, apart from the ancient right of metage (the duty paid for the official measuring of dry or liquid goods) were imposed in 1667 for rebuilding the City after the Great Fire, and were continued in order to repay the Corporation's debt to its orphans and other creditors. The duties were also used for various improvements and other purposes under Acts of Parliament. They were then transferred to the Metropolitan Board of Works and finally extinguished on the creation of the London County Council in 1889. The corn duties were surrendered in 1872 on consolidation that a similar duty was continued for thirty years to be applied solely for the preservation of open spaces. In consequence the Coal, Corn and Finance committee still manages certain open spaces such as Burnham Beeches. Its main responsibility, however, is to examine the income and expenditure of the City's Cash and to prepare estimates.