2 JULY 1927, Page 5

Since the earliest times the Commons have been the authority

in all pure matters of finance. This was inevitable ; Kings were sure of their feudal revenues from the barons, but they had to call the merchants together to raise money in other forms. The manner in which the King's Speech breaks away from the double form of address to both Lords and Commons and pointedly addresses the Commons alone in regard to finance is an impressive token of the financial supremacy of the House of Commons.

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