Ah yes.. a Paternoster.
Some years ago I went to a university open day (I'm sure it was Sheffield) where they had one. It fascinated my mate and I - I think we must've spent more time in the lift than looking at prospective courses!
I do recall warning signs in every compartment saying not to remain in the lift as it went over the top... but didn't say why. We kept jumping out on the top floor but couldn't leave without knowing what the danger was.... So with the foolhardiness of youth I stayed in on the last 'go'....
I lived to tell the tale... obviously. I don't recall whether I really find out what the problem was. What I do remember though is that the compartment didn't flip upside down as I was otherwise braced for!
Mathew