It was certainly sung by Donovan, I'll try and find out who wrote it.

The words go something like this:


GOLDWATCH BLUES
As recorded by Donovan on “What’s Bin Did and What’s Bin Hid” (1965)

I went up for my interview on the fourth day of July.
Personnel man he questioned me until I nearly cried,
Made me fill in forms until I shook with fear
About the colour of my toilet roll and if my cousin's queer.

CHORUS: Here's your gold watch and the shackles for your chain,
And your piece of paper to say you left here sane.
And if you've a son who wants a good career,
Just get him to sign on the dotted line and work for fifty years.

He asked me how many jobs I'd had before.
He nearly had a heart attack when I answered: “Four.”
“Four jobs in twenty years? Oh, this can never be.
We only take on men who work until they die.”

He took me outside to where the gravestones stand in line.
“This is where we bury them in quick-stone and in lime.
And if you come to work for us, on this you must agree:
That if you're going to die, please do it during tea.” CHORUS

This story that you heard, you may think rather queer,
But it is the truth, you'll be surprised to hear.
I did not want no job upon the board.
I just wanted to take a broom and sweep the bloody floor. CHORUS


Ed