This seems to be some kind of spoof, but I’ve no idea of what…
Billy Delta on the run
Redfriars School was founded in 1877 by its eccentric benefactor Anthony Cliff, as a special fee-paying school for Trotskyists, so that they could enjoy the benefits of a public school education, far from prying eyes.
Since Cliff passed away, Acting Headmaster Algernon Stallinicos has struggled manfully to maintain the school’s traditions, with the help of the Chair of the Governors, Sir Charlie, the Seventh Baronet Kimber.
Billy Delta is the Creep of the Remove. Billy is well-known for being able to peel an orange in his pocket. His appetites are vast. He is always on the prowl, and usually loses his trousers. Billy is waiting for a ten-bob postal order.
The whole thing here