§ Mr. Thurnham
To ask the Secretary of State for Education how much money is held in reserves by schools in Bolton.
§ Mr. Robin Squire
Some £2.291 million, net, at the end of the financial year 1993–94. This figure relates to schools then covered by the local education authority's scheme for the local management of schools. Information relating to financial balances held by grant-maintained schools is held by the Funding Agency for Schools. I have asked the chairman of the funding agency to write to the hon. Member.