HC Deb 13 November 1906 vol 164 c1298

. I beg to ask the President of the Board of Education whether secondary schools carried on by public companies receive grants from the Board of Education; and, if so, whether such grants directly or indirectly contribute towards the payment of a dividend to the shareholders.


No grants are now paid in respect of secondary schools carried on by public companies unless they are under a strict trust, under the Charitable Trusts Acts, by which any profits in respect of the working of the schools, or any assets in the event of the discontinuance of the schools, are absolutely secured for the benefit of the school or for other educational trust purposes, thus precluding any payment of dividend directly or indirectly to any shareholder.