Could Treasury resistance stop Lloyd George becoming Chancellor?

Would the Treasury resist a former First Lord becoming Chancellor for fear of greater naval spending?

The Treasury would not decide Lloyd George's appointment, and his record of reforming it is the reason for expecting him to tackle the Admiralty successfully.

Lloyd George would become Chancellor without needing the Treasury's approval. His success in reforming it supports the proposal to put him at the Admiralty first. He is judged the last minister to have reformed the Treasury successfully, a strong assessment of his ability to challenge an established department.