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In page Girls' Day School Trust:

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From 1912 no dividends were paid to shareholders and, along with the financial burdens caused by World War I and the proceeding economic depression (see Great Depression), some shareholders became restive due to the lack of dividends.[4] World War II plunged the GPDST into more financial trouble and the Education Act 1944 presented them with new challenges as they had to extend the schools to cater for increasing numbers of pupils. The GPDST was increasingly unable to purchase the remaining share capital from the shareholders and was quickly approaching the 1956 deadline.[citation needed]