History of the British peerage much more common. The peerage ceased to be associated with wealth or land ownership. At the beginning of the century, however, such associations remained for some time. In 1909, Chancellor of the Exchequer David Lloyd George proposed the introduction of a land tax, which the landowning peers opposed. The House of Lords rejected the budget. After the general election of January 1910, the returned government introduced the Parliament Bill, which sought to curtail the powers of the Lords. When the Lords attempted to block the bill, the prime minister, Herbert Henry Asquith, threatened to have the king create two hundred
John Smith (Chancellor of the Exchequer) daughters, including Mary Smith and Anne Smith, Lady Grant. John Smith (Chancellor of the Exchequer) John Smith (1656–1723) of Tedworth House, Hampshire, was an English politician who sat in the English and British House of Commons between 1678 and 1723. He served as Speaker and twice as Chancellor of the Exchequer. Smith was the fourth, but only surviving son of John Smith of Tedworth House South Tidworth, Hampshire and his wife Mary Wright, daughter of Sir Edmund Wright, alderman, of London. His sister Anne married Sir Samuel Dashwood, MP and Lord Mayor of London. He matriculated at St John's College,