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) George Ponsonby (Junior Lord of the Treasury) George Ponsonby (1773 – 5 June 1863), styled The Honourable from 1806, was an Irish politician, who served as a Junior Lord of the Treasury in the governments under Earl Grey and Lord Melbourne from 1832 to 1834. He was the fourth son of William Brabazon Ponsonby and Louisa daughter of Richard Molesworth, 3rd Viscount Molesworth. Ponsonby represented Lismore in the Irish House of Commons between 1796 and 1798. He was then elected as a Member of Parliament at a by-election for Kilkenny County in 1806 on his father, previously the sitting member,