Note (Back) — Chapter III

63. The Treasury.—Among the numerous departments, some represent survivals of great offices of state of an earlier period, some are offshoots of the ancient secretariat, and some comprise boards and commissions established in days comparatively recent. In the first group fall the offices of the Lord High Treasurer, the Lord High Chancellor, and the Lord High Admiral. From the early sixteenth century to the death of Queen Anne the principal official of the Treasury was the Lord High Treasurer. Since 1714, however, the office has been regularly in commission. The duties connected with it have been intrusted to a board composed of certain Lords of the Treasury, and no individual to-day bears the Lord High Treasurer's title. When a ministry is made up the group of Treasury Lords is renewed, and as a rule the post of First Lord is assumed by the premier. In point of fact, however, the board is never called together, some of its members have no actual connection whatsoever with the Treasury, and the functions of this most important of all departments are in practice exercised by the Chancellor of the Exchequer, assisted by the Junior Lords and the under-secretaries. The Exchequer, i.e., the department concerned principally with the collection of the taxes, is in fact, though not in name, a branch of the Treasury Board. Within the Treasury, and immediately under the direction of the Chancellor, is drawn up the annual budget, embodying a statement of the contemplated expenditures of the year and a programme of taxation calculated to produce the requisite revenue. The Treasury exercises general control over all other departments of the public service, e.g., the Post-office and the Board of Customs, in which public money is collected or expended.[84]