I've spent the last few days mostly in Edinburgh on Gurkha Welfare Trust business. We are inducting a new Treasurer, and there is a lot of stuff to hand over and sign.
The person who is taking over manages to reduce the average age of the committee somewhat, which is no bad thing, and he's a thoroughly nice chap as well. I can well see us sharing a drink out of Trust time in the future.
The retiring Treasurer had had lunch with an old school chum of his. Their combined ages, about 170, show they are talking about Hawick where they come from about 80 years ago, and there was much chat of the horses and carts that delivered post,coal, goods and whatever at that time in the Scottish Borders.
I always love elderly men's tales of their school days, which invariably demonstrate some naughtiness, but other qualities as well.
Today, the two friends had been engaged in something 75 or so years ago, and had been well and truly caught by a master. Unfortunately, he was the father of one of the boys.
There were other boys involved. But not a word would these two say to implicate their other friends.
" Very well," said the master, " I know there were at least 6 of you involved, so you will each receive the punishment for 3."
In Scotland this would be the tawse across your hands - very nippy.
He singled out his son and dealt out a savage beating. He turned to the boy who would become our treasurer.
" Well John, you can tell me who else was involved and save yourself some pain".
John held his hands out.
" Or I could tell your father."
Now this was truly torture. Telling your father meant a real trashing, and was definitely not to be desired.
Now our treasurer was - and is - a wily old bird. He immediately put his hands down and said "As you wish sir".
The domine looked at him, and sighed.
" Just hold your hands out again," and gave him a couple of half-hearted swipes.
" Now let that be a lesson to you both. Someone who supports his friends through thick and thin is worthy of respect"
70 odd years later the two old friends roared with laughter at this, and there was no animosity that one had suffered more than the other.
In fact, if anything it had brought them closer together.
Glasgow based filthy property speculator with three daughters. Chess playing, food-loving, Francophile Cavalier King Charles lover with a heavy emphasis on doing as little as possible
Showing posts with label Good Old Days. Show all posts
Showing posts with label Good Old Days. Show all posts
Wednesday, June 03, 2009
Monday, March 09, 2009
How not to lose money
I was at a 21st Birthday party on Saturday night with a 20's theme which was great fun if you like that sort of thing.
In view of the present crisis, the talk amongst the older people was all of the crunch, but the younger ones, nicely padded by their parents, didn't seem too bothered.
I was sitting beside an accountant who was fulminating about RBS and HBOS in particular, and the banks in general.
It's a story we have all heard time and again, but he recalled when he was an articled clerk in his early days, earning £65 per annum and damned lucky to get it too. He used to pop into the famous Horseshoe Bar where various other youngsters, including trainee stockbrokers, sometimes gathered. I rather fancy at the time these particular young men had to pay to get trained.
One evening one of the stockbrokers said to the trainee accountant that XYZ Rubber Company was an absolute certainty to go up dramatically, and he should definitely buy shares. Not having any money, he popped into his local Bank of Scotland at 110 St.Vincent Street in Glasgow and asked to speak to the manager. You could still do that in those days. It became a pub,but has now reverted....
Of course, he didn't actually get to THE Manager, but to one of his underling deputies - who were all probably at least 50 and had been with the bank since they were 16.
It was a bit like Oliver asking for more.
" Please sir can I have £50 please?"
I can see the picture - the greying sagacious banker would look over his spectacles with a light frown.
" And what, pray, is this money for?"
" Well sir, one of my friends is a stockbroker and he has given me a tip on XYZ Rubber."
There would be a pause.
" Young man, we are the Bank of Scotland. We have a fiduciary duty to our depositors first and foremost to lend their money to worthwhile and profitable enterprises. It is NOT our job to lend money to worthless young men for inappropriate speculation. Good day,sir!"
Shame they forgot that.
In view of the present crisis, the talk amongst the older people was all of the crunch, but the younger ones, nicely padded by their parents, didn't seem too bothered.
I was sitting beside an accountant who was fulminating about RBS and HBOS in particular, and the banks in general.
It's a story we have all heard time and again, but he recalled when he was an articled clerk in his early days, earning £65 per annum and damned lucky to get it too. He used to pop into the famous Horseshoe Bar where various other youngsters, including trainee stockbrokers, sometimes gathered. I rather fancy at the time these particular young men had to pay to get trained.
One evening one of the stockbrokers said to the trainee accountant that XYZ Rubber Company was an absolute certainty to go up dramatically, and he should definitely buy shares. Not having any money, he popped into his local Bank of Scotland at 110 St.Vincent Street in Glasgow and asked to speak to the manager. You could still do that in those days. It became a pub,but has now reverted....
Of course, he didn't actually get to THE Manager, but to one of his underling deputies - who were all probably at least 50 and had been with the bank since they were 16.
It was a bit like Oliver asking for more.
" Please sir can I have £50 please?"
I can see the picture - the greying sagacious banker would look over his spectacles with a light frown.
" And what, pray, is this money for?"
" Well sir, one of my friends is a stockbroker and he has given me a tip on XYZ Rubber."
There would be a pause.
" Young man, we are the Bank of Scotland. We have a fiduciary duty to our depositors first and foremost to lend their money to worthwhile and profitable enterprises. It is NOT our job to lend money to worthless young men for inappropriate speculation. Good day,sir!"
Shame they forgot that.
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