Excheqiiek

The treasury department of the English government. Established by William I; regulated by Edward I. Consisted of two divisions; one, for the receipt of revenue; the other, for the administration of justice in matters of revenue, and known as the court of exchequer, and presided over by the chancellor of the exchequer. This court originally had limited equity jurisdiction; then the chancellor, the Lord Chief Baron, sat apart in a hall called the exchequer chamber. Its present jurisdiction does not differ materially from other co-ordinate courts of common law.^ See Chancellor, 1, Of the Exchequer.