Note 22 — Chapter II

"And, as the bulk of the burden fell upon the Commons, they adopted a formula which placed the Commons in the foreground. The grant was made by the Commons, with the assent of the Lords spiritual and temporal. This formula appeared in 1395, and became the rule. In 1407, eight years after Henry IV. came to the throne, he assented to the important principle that money grants were to be initiated by the House of Commons, were not to be reported to the King until both Houses were agreed, and were to be reported by the Speaker of the Commons' House. This rule is strictly observed at the present day. When a money bill, such as the Finance bill for the year or the Appropriation bill, has been passed by the House of Commons and agreed to by the House of Lords, it is, unlike all other bills, returned to the House of Commons."[22] The Speaker, with his own hand, delivers all money bills to the Clerk of Parliaments, the officer whose business it is to signify the royal assent.