The Chancellor is responsible for many things, not least is the financial health and wellbeing of the city. He has sole control over the Chancellory (an additional gold vault), and shares many of the responsibilities of the Minister of State over the marketplaces, shops and the banks. The Chancellor is ultimately responsible for the economic state of the city, and is also responsible for setting and managing taxation. Appointing a good, level-headed Chancellor is the first duty of a new Prince, although often the Chancellor is not replaced until he wishes to resign. All robust city governments are formed with a consistent Chancellor.