The Lord Mayor is then sworn in November, on the day before the Lord Mayor's Show. The ceremony is known as the "Silent Ceremony" because, aside from a short declaration by the incoming Lord Mayor, no speeches are made. At Guildhall, the outgoing Lord Mayor transfers the mayoral insignia—the Seal, the Purse, the Sword and the Mace—to the incoming Lord Mayor. 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, which is also hosted at Mansion House, a speech is delivered by the Secretary of State for Foreign and Commonwealth Affairs The Right Honourable Lord Mayor of London is the Mayor of the City of London and head of the City of London Corporation. The Lord Mayor of London is to be distinguished from the Mayor of London; the former is an officer only of the City of London, while the Mayor of London is the Mayor of Greater London and as such governs a much larger area. Within the City of London, the Lord Mayor has precedence over other individuals and has various special powers, rights and privileges. http://www.cityoflondon.gov.uk/Corporation/business_city/lordmayor/