TREASURY staff have shredded around £2,500 – by mistake.
The department, which routinely destroys old notes, discovered the gaffe after carrying out an audit. The check confirmed that the shredding machine’s records did not tally with the amount of used notes destroyed.
Jersey bank notes are made out of cotton, not paper, and contain hidden security features beyond the watermark, security strip and serial number. The shredding machine checks that notes are real, and is meant to record the denominations it shreds to ensure that staff are not simply pocketing old notes that are destined for the bin.
States Treasurer Ian Black – the head of the Treasury Department – made the embarrassing admission during a public hearing of the Public Accounts Committee yesterday.
6 Article Comments
We’ve always suspected that States Departments, in fact the State in general, threw money away.
Now we’ve had those suspicions confirmed.
Well done.
Well they do say the States spend money like water. But now they are shredding it !!
Oh well, its better than it being taken!
Typical!
The States…throwing away money?
Well I never….
Ian Black should either dock the saleries of those responsible or pay it back from his substantial income, after all it’s not his money it belongs to the tax-payers of this island.