Part of the debate – in the House of Commons at on 9 December 1920.
Mr John Gretton
, Burton
asked the Chancellor of the exchequer what is the total amount already received by the Treasury during the current financial year on account of sales by the Disposal Board, sale of ships, and the realisation of property of all kinds, including in the total any repayments for services rendered or otherwise not voted by Parliament as appropriations in aid; and what is the total amount estimated to be received by the Treasury from all such sources during the present financial year?
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
