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
Lords Commissioners of the Treasury not a Lord of the Treasury. Instead he has the similar, but discrete, position of Parliamentary Secretary to the Treasury, which is also a sinecure used to procure membership of the Government, but which is not part of the commission fulfilling the office of Lord High Treasurer. Apart from the Chancellor, who heads HM Treasury on a de facto basis (the Lords of the Treasury doing so collectively, ex officio, as Lord High Treasurer), none of the junior ministers in the department are Lords of the Treasury, notwithstanding that they substantially conduct actual Treasury business. These junior ministerial positions are,