[1] In the Middle Ages, this developed into a freedom or right to trade, becoming closely linked to the medieval guilds, the livery companies.[1] Whilst no longer carrying many substantive rights and largely existing as a tradition, the freedom is a pre-requisite for standing for election to the Common Council[2] and Court of Aldermen[3] of the City of London.It is the greatest honour that is in the power of the City of London to bestow, and usually takes place in Guildhall in the presence of the Common Council and the lord mayor, sheriffs, and aldermen, along with invited guests.For example, in 2013, after a gap of some eleven years, Anglican Archbishop Desmond Tutu received the Honorary Freedom of the City of London, with the ceremony taking place at Mansion House.The presentation on such occasions is made by the Chamberlain of the City of London and is often followed by a banquet at Guildhall or Mansion House.
Casket presented to Disraeli, Hughenden collection
John Scott England Freedom of the City Admission Papers