[1] The second oldest has been made, entered in the Great Roll of the Exchequer, since 1235, for 'The Forge' in Tweezer's Alley, just south of St Clement Danes, near the Strand in London, for which the City must pay six horseshoes and 61 horseshoe nails – these are over 550 years old, since after being rendered to the King's Remembrancer they are preserved in his office, and with the permission of the Crown they are loaned to the Corporation of London to be rendered again the following year.
[1] These two quits are paid together as one ceremony, during which a black-and-white chequered cloth is spread out – it is from this that the word "Exchequer" derives – combined with the introduction to the Remembrancer of the City's newly elected sheriffs.
The Comptroller and Solicitor of the City of London presents the horseshoes and nails and counts them out to the Remembrancer who then pronounces "Good number."
This quit is rendered by the Foreman of the City's Court Leet Jury of the "Town and Borough of Southwark", alias Guildable Manor,[2] which is the area as defined in 1327.
[3] This sum is rendered onto the Exchequer Cloth in the form of Crowns (five shilling pieces, equivalent to 25 new pence), which remain legal tender.
The Remembrancer pronounces "Good service" and this is witnessed by the Clerk of the City's Chamberlain's Court and the manor jurors to note that the payment has been made.
The King's Remembrancer swears in a jury of 26 Goldsmiths who then count, weigh and otherwise measure a sample of 88,000 gold coins produced by the Royal Mint.