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 First Lord of the Admiralty The First Lord of the Admiralty, or formally the Office of the First Lord of the Admiralty, was the political head of the Royal Navy who was the government's senior adviser on all naval affairs and responsible for the direction and control of Admiralty Department as well as general administration of the Naval Service of the United Kingdom, that encompassed the Royal Navy, the Royal Marines and other services. It was one of the earliest known permanent government posts. Apart from being the political head of the Royal Navy the post holder simultaneously held the