Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 23 June 1964.
Mr. B. Harrison:
asked the Chancellor of the exchequer whether he will advise the setting up of a. Royal Commission to investigate the ownership, control and development of the foreshore and inshore coastal waters similar to that on common lands.
Mr Reginald Maudling
, Barnet
No, Sir.
Mr. Harrison:
Will the Chancellor look again at this matter, because with the increased use of the inshore waters and coastal areas for recreational purposes, along with the shortage of moorings and so on, it is becoming a real problem throughout the coastal areas trying to find out who owns and controls any area?
Mr Reginald Maudling
, Barnet
I understand that the present system is working quite satisfactorily, but if my hon. Friend has any evidence to the contrary I shall be glad to examine it.
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.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
