430 The Fenod of Uonstitutioii great prejudice and derogation of their liberties; and when our said lord the king heard of this, not wishing that anything should be done at present or in time to come, which could in any way turn against the liberty of the estate, for which they were come to parliament, nor against the liberty of the lords aforesaid, willed and granted and declared, with the advice and assent of the said lords, in the following manner. That is to say, that it is lawful for the lords to discuss among them- selves assembled in this present parliament, and in every other in time to come, in the absence of the king, concerning the estate of the realm and the remedy needful to it. And that in like manner it is lawful for the commons, on their part, to discuss together concerning the state and remedy aforesaid. Provided always-that the lords on their part and the com- mons on theirs, make no report to our said lord the king of any grant granted by the commons, and agreed to by the lords, nor of the negotiations of the said grant, before the said lords and commons shall be of one assent and of one accord in the matter, and then in the manner and form customary, that is to say by the mouth of the speaker of the said com- mons for the time being, to the end that the said lords and commons should have the agreement of our said lord the king.1 The words " granted by the commons and agreed to by the lords " renewed the formula of 1335 and certainly show that it was the intention to have the initiativejn_niQney and it teenth century, a recognised principle that all money bills must originate in the lower House. To be sure, the Com- mons had the right not to concur in a grant originating with the Lords or, as in this case, with the king and Lords, but they foresaw the amount of pressure which might be brought to bear in favour of a money bill once formulated and that the right to formulate it was no empty one.2 1 This is part of the so-called "schedule of indemnity" which the king ordered entered on the roll of Parliament. A. and S., document 112. 3 This was the beginning of a long and important line of development. By the late seventeenth century this right was interpreted as meaning that tfre Lords