Before the preliminaries of peace became converted into definite treaties, the Shelburne ministry had been forced to give way to a coalition with Fox and North as secretaries of state, and the Duke of Portland as nominal head. The new ministry found little favour with the City, firstly on account of its Stamp Act--imposing a duty upon all receipts for sums of forty shillings and upwards--which the citizens (wrongly, as it turned out) believed would be a hindrance to trade;[514] and secondly on account of Fox's attack on the chartered rights of the East India Company. If Fox's East India Bill were passed, what, they asked, was to become of their own chartered rights and privileges? Every corporation in the kingdom was solemnly warned of the consequences to themselves if the Bill were allowed to pass. "Our property and charter are invaded, look to your own" was the message the Company sent, together with a copy of Fox's Bill, to every borough in the country. The Bill passed the Commons, but when it came before the Lords the king declared himself so strongly against it that it was thrown out, and before the close of the year (1783) the ministers were suddenly and somewhat unceremoniously dismissed. For the first time in history we find the City unanimously supporting the king in the exercise of his prerogative. The Common Council hastened to assure his majesty that his faithful citizens had "lately beheld with infinite concern the progress of a measure which equally tended to encroach on the rights of your majesty's crown, to annihilate the chartered rights of the East India Company, and to raise a new power unknown to this free government and highly inimical to its safety. [As the dangerous measure was warmly supported by your majesty's late ministers, we heartily rejoice in their dismission, and humbly thank your majesty for exerting your prerogative in a manner so salutary and constitutional."] Finally they assured the king that as the prerogatives of his majesty's high office were intended for the good of the people, the citizens of London would always support the constitutional exercise of them to the utmost of their power. In other words, the king might always look to the City for support so long as he was content to exercise his prerogative for the preservation of "parliamentary engagements" and chartered rights.[515] The livery and the Common Council, so long opposed to each other, became allies again, and the former body passed a formal vote of thanks at a special Common Hall (13 Feb., 1784) to the representative body of the City for the address they had carried up to the throne "thereby setting an example to the whole kingdom."[516] Truly, as Macaulay remarks, "the successors of the old Roundheads had turned courtiers." Not content with thanking the Common Council for its attitude in the matter, the livery passed resolutions of their own in support of the just prerogative of the crown, the privileges of