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
Exchequer royal demesne lands and from the county "farm" (a form of local taxation). The Chancellor of the Exchequer then questioned him concerning debts owed by private individuals. By 1176, the 23rd year of the Reign of Henry II which is the date of the "Dialogue concerning the Exchequer", the Exchequer was split into two components: the purely administrative "Exchequer of Receipt", which collected revenue, and the "Exchequer of Pleas", a law court concerned with the King's revenue. Appeals were to the Court of Exchequer Chamber. Following the proclamation of Magna Carta, legislation was enacted whereby the Exchequer would maintain the