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 title of the President of the Board of Commissioners for Exercising the Office of Lord High Admiral (known as the Board of Admiralty). The office of First Lord of the Admiralty existed from 1628 until it was abolished when the Admiralty, Air Ministry, Ministry of Defence and War Office were all merged to form the new Ministry of Defence in 1964. In 1628, during the reign of , the Duke of Buckingham, Lord High Admiral of England, was assassinated and the office was placed in commission, under the control of a Board of Commissioners. The first such First Lord of