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Exchequer | British government department

Exchequer, in British history, the government department that was responsible for receiving and dispersing the public revenue. The word derives from the Latin scaccarium, “chessboard,” in reference to the checkered cloth on which the reckoning of revenues took place. The Exchequer was constituted as a distinct government agency by Henry I at the beginning of the 12th century. The Treasury, with which the Exchequer was in practice joined, dates from before the Norman Conquest (1066), and the name “Exchequer” came quite early to be applied to the two jointly. The lower Exchequer, or receipt, closely connected with the permanent Treasury, ....

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