Round about this time every year, the City of London, goes through its ancient Carmarking Ceremony. This records that the vehicle has paid the 5/- license fee for going through Guildhall Arch. The ceremony brands each vehicle with a hot branding iron. A piece of wood is branded which is attached to the vehicle.
https://londonist.com/london/news/cart-marking-ceremony
See my post on Pancake Day at the Guildhall
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