HC Deb 26 January 1897 vol 45 c494
MR. A. K. LOYD (Berks, Abingdon)

I beg to ask the Vice President of the Committee of Council on Education whether his attention has been called to the fact that the managers of Public Elementary Schools are frequently obliged, before the Annual Parliamentary Grant is paid, to have recourse to an overdraft at their bankers, and to suffer a loss of the interest charged for such accommodation; and whether the Education Department will, in order to prevent such loss, arrange for a quarterly or half-yearly payment on account to such schools, in anticipation of the Annual Parliamentary Grant, upon such terms and conditions as the, Department may in each case consider necessary?


The Committee of Council would have no objection to make to the arrangement suggested by the hon. Member; but I understand that the financial difficulties which it would involve are at present insuperable.