The third quit rent dates from 1327, and is for £11 in regard to the reserved interest of the Crown for the 'town of Southwark'. In that year the City was granted its fourth-oldest Royal Charter to acquire Southwark from Edward III for this annual payment. It was specifically retained by Edward VI in the 1550 charter to the City, which extended its jurisdiction over the outlying parts of Southwark. This quit is rendered by the Foreman of the City's Court Leet Jury of the "Town and Borough of Southwark", alias Guildable Manor, which is the area as defined in 1327. The continuation of this body is sanctioned under the Administration of Justice Act 1977. The ceremony takes place in the Cathedral library, the Glaziers' Hall or London's City Hall. This sum is rendered onto the Exchequer Cloth in the form of Crowns (5 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.