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 Admiralty as the "assistants" of the First Lord, and by specifically defining their duties, this had, in fact, partially disabled the collective power of the Board. In 1931, for the first time since 1709, the First Lord was not a member of the cabinet. In 1964, the office of First Lord of the Admiralty was abolished, the last holder being the second Earl Jellicoe, the son of Admiral of the Fleet Earl Jellicoe, and the functions of the Sea Lords were then transferred to the Admiralty Board, which forms part of the tri-service Defence Council of the United Kingdom. "Between