First Lord of the Treasury that office; in this case, the Second Lord of the Treasury usually served as Chancellor. As of 1841, the Chancellor of the Exchequer has always been Second Lord of the Treasury when he was not also Prime Minister. By convention, the other Lords Commissioners of the Treasury are also Government Whips in the House of Commons. 10 Downing Street is the official residence of the First Lord of the Treasury, and not of the Prime Minister. Chequers, a country house in Buckinghamshire, is the official country residence of the Prime Minister, used as a weekend and holiday home, although the
First Lord of the Admiralty Lord High Admiral. The Board of the Admiralty comprised a number of “Lords Commissioners” headed by a First Lord. From the early 1800s the post was always held by a civilian (previously flag officers of the Royal Navy also held the post). In 1832 First Lord Sir James Graham instituted reforms and amalgamated the Board of Admiralty and the Navy Board. By the provisions of the Admiralty Act of 1832, two Lords in committee could legalize any action of the Board. In 1868 Prime Minister, William Gladstone appointed Hugh Childers First Lord, who would introduce a new system at the