TREASURY, the place where the revenues of a state are received, preserved, and disbursed. In England the treasury is a part of the exchequer, by some called the lower exchequer.
Lords of the Treasury. In lieu of one single director and administrator of the sovereign's revenues under the title of lord high treasurer, it is at present thought proper to put that office in commission, i.e. to appoint several persons to discharge it, with equal authority, under the title of Lords Commissioners of the Treasury.