Electrical Decimal cash register

Made:
1960-1969
manufacturer:
NCR Corporation

Electrical Decimal cash register, by NCR Corporation, Dayton, Ohio, United States, American, 1960-1969.

This cash register was used by staff at LETSALKNIT LTD, a business importing and selling domestic knitting and sewing machines owned and run by Roy and Florence Hughes, for managing sales especially hire purchase and credit sales from the 1960s through to the early 1990s. It was modified by the manufacturer in early 1971 in order to accept new decimal system of currency introduced in the UK in February of that year.

In the 1960s, Letsalknit was selling a high percentage of their knitting and sewing machines on credit, using two different types of credit. One was hire purchase where the customer was the owner immediately and where the buyer to paid one third of the purchase price immediately and the remainder spread over 12, 18 or 24 months. The other was called a credit sale where the buyer only became the owner once all the instalments had been paid. The credit agreement required no deposit and the purchase price was spread over 9 months. All these sales required a good accounting system.

In the 1960s, the cash register was purchased for LETSALKNIT LTD in order to manage these different types of sales – the cash register allowed staff to enter the money received into different categories, e.g. cash purchases, repayments of hire purchase agreements, and repayments of credit sales. At the end of each day, the register could print out the amount received in each of the categories enabling LETSALKNIT LTD to keep up to date with the different accounts. The introduction of decimal coinage in the UK in February 1971 necessitated a modification to the machine by the manufacturers to accept the new system of currency. The cash register continued to be used until the Hughes retired in 1991.

On display

Science Museum: Mathematics: The Winton Gallery

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Details

Category:
Cash Registers
Object Number:
1991-373/1
credit:
Captain and Mrs R.G. Hughes

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