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
George Ponsonby (Junior Lord of the Treasury) being elevated to the peerage as 1st Baron Ponsonby of Imokilly, but a general election quickly followed when he was replaced in this seat by his younger brother Hon. Frederick Ponsonby. He subsequently served as for Cork County from 1806 to 1812; for Youghal in County Cork from 1826 to 1832; and was evidently also a member of the following Parliament. He lived at Woodbeding in Sussex. He married twice, having two sons (both of whom predeceased him) and a daughter. George Ponsonby (Junior Lord of the Treasury) George Ponsonby (1773 – 5 June 1863), styled The Honourable from 1806,