United Kingdom House of Lords Decisions

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URL: http://www.bailii.org/uk/cases/UKHL/1932/TC_16_505.html
Cite as: [1932] UKHL TC_16_505, (1932) 16 TC 505, [1932] AC 388, 16 TC 505

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Stedeford (H M Inspector of Taxes) v Beloe - [1932] UKHL TC_16_505 11 March 1932

The Warden and Council of Bradfield College, acting under powers conferred on them by the college statutes, granted the Respondent an annual pension of £500 from the date of his resignation of the office of headmaster of the college. The statutes empowered the Warden and Council to apply certain moneys “ to “ such purposes as in their absolute discretion they may deem to be “ for the benefit of the college including .... the payment of any “ pension or retiring allowance to any person who may have held “ the office of ... . headmaster,” but laid upon them no obligation to pay, or to continue payment of, such a pension.

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