The Charter of Liberty shall be firmly observed. Concerning the Exchange of London: Be it remembered to amend the Exchange of London, and the City of London, and all other cities of the King, which have suffered waste and destruction by talliages and other oppressions. Concerning the place of reception of the King and Queen: Be it remembered to amend the place of reception of the King and Queen. Concerning the Parliaments, how many shall be held in each year, and in what manner: Let it be remembered that the twenty-four have ordained that three Parliaments shall be held each year, the first a week after Michaelmas, the second on the day after Candlemas, and the third on the first day of June, that is to say, three weeks before Midsummer's Day. To these three Parliaments shall come the elected councillors of the King, even if they be not sent for to review the state of the land and to treat of the common needs of the kingdom and the King. And at other times, when need be, they shall meet on the command of the King. Let it be remembered that the commonalty shall elect twelve honest men, who shall come to the Parliaments, and at other needful times, when the King and his council shall send for them to treat of the needs of King and kingdom. And the commonalty shall treat as established whatsoever these twelve shall ordain, and this shall be done to avoid expense to the commonalty. Fifteen shall be named as the King's council by the following four, to wit--the Earl Marshal, the Earl of Warwick, Hugh Bigot, and John Mansel, who are elected by the twenty-four to name the above-mentioned fifteen. And their appointment shall be confirmed by the twenty-four or the greater part of them. And they shall have power to advise the King in good faith concerning the government of the kingdom and all matters pertaining to King and kingdom; and to amend and put to rights all things which they shall see require redress and amendment. And they shall have control over the Chief Justice, and over all other men. And should they not all be able to be present, what the majority ordains shall be settled and established. (Then follow the names of the principal castles of the King and of their custodians.) [19] A vassal, holding not immediately from the Sovereign, but from some great lord. [20] The hereditary revenue of the crown, as distinct from taxation. HENRY REPUDIATES THE PROVISIONS OF OXFORD (1261). +Source.+--_Matthew of Westminster_, vol. ii., pp. 391-392. (Bohn's Libraries.)