Comments, suggestions and error corrections welcomed!
Update 24th Jan 1999 - It turns out that this idea is totally unoriginal and also unreliable due to corrosion, the simple switch mechanism in the socket loosing its spring over time and the plug and socket being under spec'd for the job at hand - oh well! - no harm in trying! :)
I suggest that if you are still interested in this type of arrangement then you should check out the Switch Jack by Hollyday Designs - a professional level product designed for the job!