Lloyd George pictured leaving Downing Street after his resignation with his wife and daughter Megan. His resignation announcement featured in the Court circular of 19th October. Lloyd George was the president of the Board of Trade between 1905-1908 and became the Chancellor of the Exchequer in 1908. His most popular move was to pass the Old Age Pensions Act and the National Insurance Act. He superseded H. H Asquith as coalition Prime Minister, 1916-1922, successfully handling peace negotiations after the war. In 1921 he came upon his most controversial agreement with Sinn Fein for the independence of Southern Ireland. His popularity faded and his party was undecided about their support. In 1922 Lloyd George handed in his resignation.