Lord Mayor of London the title Lord Mayor of the City of London was reintroduced, partly to avoid confusion with the Mayor of London. However, the legal and commonly used title remains Lord Mayor of London. The Lord Mayor is elected at "Common Hall" each year on Michaelmas, and takes office on the Friday before the second Saturday in November, at "The Silent Ceremony". The Lord Mayor's Show is held on the day after taking office; the Lord Mayor, preceded by a procession, travels to the Royal Courts of Justice at the Strand to swear allegiance to the sovereign before the Justices of the
Lord Mayor of London government ministers, businessmen and dignitaries; furthermore, they conduct several foreign visits of their own so as to promote British financial sectors. Banquets hosted by the Lord Mayor serve as opportunities for senior Government figures to deliver major speeches. At the Lord Mayor's Banquet (held on the Monday after the Lord Mayor's Show), the Prime Minister delivers the keynote address. At the Banker's Dinner in June, the Chancellor of the Exchequer delivers a speech known as the "Mansion House Speech", which takes its name from the Lord Mayor's residence. At the Easter Banquet, also hosted each year at the Mansion House,