Talk:The British Treasury/@comment-3112181-20120206043742/@comment-3432656-20120206044023

it's Fact...  Prior to 1827 the First Lord of the Treasury, when a commoner, also held the office of Chancellor of the Exchequer, whilst if the First Lord was a peer, the Second Lord of the Treasury would usually serve as Chancellor. I am a Peer... and Mallace is the Chancellor of Exchequer by which he is the Second Lord of the Treasury :P