Table Top And Stools

An economical and ingenious schoolmaster once wished to convert a circular table-top, for which he had no use, into seats for two oval stools, each with a hand-hole in the centre. 
He instructed the carpenter to make the cuts as in the illustration and then join the eight pieces together in the manner shown. 
So impressed was he with the ingenuity of his performance that he set the puzzle to his geometry class as a little study in dissection. But the remainder of the story has never been published, because, so it is said, it was a characteristic of the principals of academies that they would never admit that they could err. 
I get my information from a descendant of the original boy who had most reason to be interested in the matter.

The clever youth suggested modestly to the master that the hand-holes were too big, and that a small boy might perhaps fall through them. 
He therefore proposed another way of making the cuts that would get over this objection. 
For his impertinence he received such severe chastisement that he became convinced that the larger the hand-hole in the stools the more comfortable might they be.

Now what was the method the boy proposed?

Can you show how the circular table-top may be cut into eight pieces that will fit together and form two oval seats for stools (each of exactly the same size and shape) and each having similar hand-holes of smaller dimensions than in the case shown above? 

Of course, all the wood must be used.

See answer

Math Genius