the place where the revenues of a state are received, preserved and disbursed. The treasury is one of the most important departments of the executive government in England. It has under its control every branch of the revenue and expenditure of the country. The lord high treasurer was formerly the sole head of the treasury. On the Union with Scotland in 1707, he became lord high treasurer of Great Britain; and in 1816, after the Union with Ireland had taken place, he was made lord high treasurer of the United Kingdom. The office was first put in commission in 1612, and since the reign of George I. it has always been executed by the lords commissioners of the treasury, who now form the treasury board. This board consists of the prime minister, or first lord of the treasury, the chancellor of the exchequer, and three junior lords. They are appointed during pleasure by letters patent under the great seal. The offices which are more or less immediately subordinate to the treasury are—the commissariat; the treasury solicitor's office; the paymaster-general's; the exchequer; the national debt office; the public works and loan office; the royal mint; her Majesty's works and public buildings; her Majesty's commissioners of woods, forests, and land revenues; the general post office; the customs; the inland revenue office; the audit office; and the stationary office. The treasury board sits twice a-week, on Tuesdays and Fridays, and is never attended by the prime minister, or very rarely by the chancellor of the exchequer.