Please don't anybody take this the wrong way, but there seems to be a fair bit of confusion and some extremely questionable advice flying around here.
Firstly, if anyone thinks that the main identifying mark of a PAL recording is a UK logo, they need to look at this map:
https://upload.wikimedia.../0/0d/PAL-NTSC-SECAM.svg Secondly, although the outcome is roughly the same, the matter at hand is not generally referred to as "time compression", but as "PAL speed-up". It's not a choice, but a limitation of the broadcast format - footage shot at 24fps has to be speeded up slightly to match the 25fps/50Hz standard. The audio isn't deliberately pitched up; in fact, the whole thing (picture and sound) is running roughly 4% too fast, and the audio being higher is nothing but a side-effect of that. On the plus side, it's extremely smooth due to each frame being shown 1:1, unlike NTSC conversions, which can under certain circumstances be very juddery with their held fields.
To be clear: neither NTSC nor PAL are particularly adept when it comes to broadcasting footage shot at 24fps, but it's significantly easier to return a PAL recording to its original 24fps format than NTSC - simply interpret the clip as 24fps, and everything will run at the correct speed and pitch without issue. As an added bonus, it's also considerably higher resolution (576 vs 480 - about 20% better). I'm aware that North American televisions generally don't have PAL compatibility, but given all of the above, the main point is that avoiding PAL recordings all together is bordering on irrational.