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Mortgaging Trust Property

Volume 180: debated on Thursday 8 August 1907

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To ask the President of the Board of Education in how many cases since 1903 have the Board of Education or Charity Commissioners sanctioned the mortgaging of trust property for the repair or improvement of non-provided elementary schools, and what is the aggregate amount of such mortgages; and in how many cases have the Board sanctioned the application of the capital fund of an endowment for such purposes and the total amount of money so applied, giving the figures separately for London and for the rest of the country, and distinguishing between the different religious denominations.

( Answered by Mr. McKenna.)—

Statement showing—

I.—The number of cases in which the Board of Education have authorised Loans on the security of the School Buildings of Non-Provided Elementary Schools, for structural improvements or repairs, since 1st January, 1903; and

II.—The number of cases in which the Board have expressed their willingness to authorise such Loans, but in which the authority has not been formally sealed;

with the aggregate amount of such Loans, distinguishing between Schools

situated in the area of the London County Council and those in the rest of England

(A) London:
Church of England107,500
Roman Catholic12,500
Undenominational, etc.
(B) Rest of England and Wales:
Church of England810,8706*2,150
Roman Catholic
Undenominational, etc.1250
Gross total1013,62016*9,650

* This number includes one case in which the amount of the proposed loan is not yet settled.

In order to supply the particulars referred to in the second part of my hon. friend's Question with respect to the expenditure of capital funds of endowments, it would be necessary to examine in detail a very large number of orders and schemes made by the Board in the ordinary routine of their administration under the Charitable Trusts Acts, and I am of opinion that the labour involved in such a task would not be commensurate with any public advantage to be derived from it.