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
President of the Treasury Board expenditures. Key: President of the Treasury Board The President of the Treasury Board () chairs the Treasury Board of Canada and is responsible for accounting for the government's fiscal operations. The position was created as a ministerial position in the Canadian Cabinet in 1966 when the Treasury Board became a full-fledged department. From 1867 to 1966 the Treasury Board had been part of the Department of Finance. Technically, the Treasury Board is a Cabinet committee of the Queen's Privy Council for Canada. It is responsible for managing the government's fiscal and administrative responsibilities including management of the civil service and