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This ceremony has been a tradition on the island of Bermuda since 1816, when a lease to the State House in St. George was granted to the common council of St. George in trust by the members of the Masonic Lodge for the annual rent of one peppercorn. On the day of the Peppercorn Ceremony, the governor of Bermuda arrives at the State House in a horse-drawn carriage and receives a key to the State House. The rent of one peppercorn is delivered on a velvet pillow, and members of the Executive Council proceed to the State House for their meeting. Discuss
Source: The Free Dictionary