sounds like an obit from Ramsey Courier - have you looked at local newspapers of that period ?

(Kitto not Ritto - Albert Kitto was a shipbroker; RP appears as station master is one directory then as an accountant etc) - brief mention of Dr Steele's academy at www.manxnotebook.com/history/educ/do_stl.htm - it took I think boys from about 11 through to pre university entrance at about 18.