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
Ministers of the Crown Act 1937 the Prime Minister of the United Kingdom, which was set at £10,000 a year. This was only the second time that the Prime Minister had been mentioned in an Act of Parliament, after the Chequers Estate Act 1917, which granted him a country residence at Chequers. The other officials covered by the Act fell into two categories – heads of department, and under-secretaries. Heads of certain departments, such as the Chancellor of the Exchequer, received £5,000 a year regardless of their membership in the Cabinet, while others such as the Lord Privy Seal received £3,000, with an increase to £5,000