Tuesday, 13 April 2010

Money money money

My last post about being mugged on the way to the bank reminded me of the time that I was involved in a bank raid. I don't think I mentioned this before, but it was when I worked at the Westminster bank in about 1968. We were having new strongroom doors fitted in the basement, and being the most junior male staff member I was assigned to watch over the workmen as they drilled and hammered away.
One Monday morning at about 10.30 I was in the basement when I heard a commotion from upstairs in the banking hall. A few seconds later one of the bank clerks rushed downstairs looking a bit scared. He had an imprint of a size ten shoe on the side of his face.
I should point out that we had no security screensin front of the tills. The powers that be thought that they were an unnecessary barrier between the bank and the customer. Well, several robbers thought that a four foot high counter was no barrier to them helping themselves so they ran in, spraying ammonia everywhere. Ammonia was the bank robber's weapon of choice. It was easy to get hold of from your hardware store. You used a squeezy washing up bottle and sprayed it into people's faces, causing minimal damage as long as the victim was able to wash the ammonia out of their eyes. What it did was immobilise the bank clerks while they scooped the cash.
Anyway, one of the cashiers had seen them come in and was turning away as the thief jumped the counter, catching him with his foot. By the time he got downstairs and we knew what was happening it was all over.
That didn't stop me almost wetting myself with fear. What if they'd heard that the strongroom was open and they were coming down the stairs? We all hid where we could. It was a bit like that scene in The Life of Brian, where the Roman soldiers search the place and can't find the rebels, even though you can clearly see them behind the curtains and under the table.
After a few minutes we ventured out and upstairs. The bank had been cleared and the doors closed. The police were there within minutes- yes minutes, no more than five.
Someone from head office came and made us a cup of tea and went there, there. No-one was seriously hurt. A few people were splashed with ammonia and had stinging eyes. One of my colleagues saw what was happening and his mouth fell open, in time to catch a mouthful of ammonia. He burped for the rest of the day.
We were all sent home after lunch. The contractors came in the next day and fitted security screens. Then it was business as usual. The robbers were caught before they had a chance to dispose of the money. No CCTV, no DNA database, just good policing.


Down the years I had to handle a lot of money. Some firms used security vans to collect the takings while other firms left it to the manager to bank the cash.
I used to smile at the advice given by head office. It was all about varying the time and the route you took to the bank. However, there was one flaw. Whether I left the shop by the front door or the back, whether I took the long route or the short cut, I still ended up at the front door of the bank. Anyone wishing to jump me only had to wait there.....


After I'd been mugged in Corby the company arranged for a security firm to collect the takings each day. I still had to go and get the change from the bank, but if anyone fancied their chances at grabbing two bags of coin and outrunning me while carrying it, I'd have said, go on, make my day.


By the late eighties and early nineties I was working in a bookshop where the average sale was £5 rather than the £1 or so in a drugstore. We were taking more and more credit card payments and we'd installed EPOS and credit card terminals. However, half of our takings were still in cash, and one of the stores I managed had an annual turnover in excess of £1m. In the run-up to Christmas the turnover would increase by 50% each week, then double each week, until we took more than a week's takings each day. The week before Christmas' takings amounted to 10% of the total turnover for that year.
My day revolved around counting money. We opened the shop at nine, and empty the tills every hour or so. At about eleven my chief cashier and I would start counting the money that we'd taken from the tills. As soon as we'd finished counting, we'd go and get some more, and so on,
By Christmas Eve I was sick of the sight of money. My hands hurt to hold the notes and my fingers ached from counting them. It was not uncommon to count £15,000 in used fivers and tenners in the course of a busy day.
That store is no more. I doubt whether the firms that took over the business ever approached the levels of turnover that we achieved. The end of the Net Book Agreement and the stupidity of selling a premium product at a loss put paid to that.

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