– in the House of Commons at on 26 November 1934.
"to provide for the initiation, organisation, prosecution, and assistance of measures designed to facilitate the economic development and social improvement of the depressed areas; for the appointment of commissioners for those purposes; and for purposes connected with the matters aforesaid," presented by Mr. Stanley; supported by the Chancellor of the Exchequer, Sir Godfrey Collins, Mr. Skelton, and Mr. Hudson; to be read a Second time upon Thursday, and to be printed. [Bill 8.],
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.
