My understanding is that there was no ceremony of any kind for either George V or Edward VII.
They were just created POW and that was it.
Edward VIII and Charles both had elaborate ceremonies in Carnarvon sometime after their actual creation as POW - Edward within a short time while for Charles 11 years later.
All four did have a formal taking of a seat in the House of Lords but that was due to the title of Duke of Cornwall (York for George V) not the title POW, and happened for every nobleman on gaining his title through creation or inheritance - royal duke or not. Only the present Earl of Wessex (as far as royals goes) hasn't done so due to the changes in the make-up of the House of Lords in 1999.
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