(Notes may be demanded for cash.)

17. All persons shall be entitled to demand from
    any of the said Offices (during the hours of business thereof,) Notes in exchange for cash, at the rate aforesaid; and the Manager of every such Bank is hereby required to make such exchange accordingly.

(Manager responsible for cash and Notes.)

18. The Manager conducting the business of any such Office shall be responsible for the safe keeping and due application of the Notes, from time to time to be supplied to such Office for circulation, and of the cash to be received in exchange for the same.

(Cash received for Notes how to be disposed of.)

20. The cash to be from time to time received at any such office, in exchange for Notes, shall be applied and disposed of in manner following and not otherwise, (that is to say,) so much of the said cash as shall be equal in amount to one-fourth part at the least of the amount of such Notes, for the time being in circulation, shall always be kept to meet the current demands of the public, by the Manager conducting the business of such office, under his own control and custody, subject, nevertheless, to inspection and accounts, as hereinafter mentioned. The residue of such cash, or so much thereof, as the Governor may deem expedient, shall, from time to time be invested or placed out at interest on good and sufficient security, by or under the direction of the Governor for the time being: Provided, that the monies so invested, be made repayable after not more than three months notice to the Manager of the office from which the same may have been borrowed.

(Manager to transfer cash from his own custody under warrant of Governor only.)

23. No Manager conducting the business of any such office shall part with the custody of, or pay, or transfer, the cash applicable for investment as aforesaid, or any part thereof, except under the authority of a written warrant bearing the signature of the Governor for the time being, stating the sum to be paid, the name of the person to whom the sum is to be paid, the name and place of abode of the person to whom the sum is to be lent, the nature of the security, and the rate of interest to be received for the same.

(Penalty.)

24. Every such Manager who shall issue any of the Notes of the said Bank otherwise than in exchange for cash, as aforesaid, or who shall pay any of the cash received in exchange for such Notes otherwise than in payment of the Notes of the said Bank, or under the authority of such warrant, as aforesaid; and every other person whatsoever aiding, abetting, or soliciting such Manager so to do, shall forfeit and pay for every such offence the sum of Five Hundred pounds, and shall moreover respectively and personally, to all intents and purposes, be deemed and taken to be debtors to the Crown in a sum equal to the amount so misapplied, as aforesaid.

(Manager to make Weekly Returns.)

26. Every Manager conducting the business of any such office shall, on the Monday of every week, transmit to the Colonial Treasurer a just and true account of the amount of Notes of such office in circulation, at the close of the business of the said office, on the next preceding Saturday, distinguishing the Notes of Five Pounds and upwards and the Notes below Five Pounds. And also an account of the total amount of Gold and Silver coin held by the Manager of such office, at the close of business on each day of the week ending on that Saturday, and shall on the Monday of every week, cause a copy of the said accounts for the past week to be posted in such office there to remain for the inspection of the public during the office hours of each day during the current week.

(Colonial Treasurer to make and publish Monthly Returns.)

30. From the returns so to be made as aforesaid, the said Colonial Treasurer shall, at the end of the first period of four weeks, and so at the end of each successive period of four weeks, make out a general return (distinguishing the several offices) in the form to this Ordinance marked B, of the amount of Notes in circulation at the close of such preceding four weeks, and of the amount of all the Gold and Silver coin held by each Manager at the same period, and shall cause such general returns, verified by his signature, to be published in the next succeeding Government Gazette, in which the same can be conveniently inserted.

(Colonial Treasurer to publish yearly statement.)

31. It shall also be the duty of the Colonial Treasurer to publish in the Government Gazette, on or before the first day of March, in each year, verified by his signature, a statement of the total amount of such Notes in circulation, issued or reissued from the several offices of the said Bank of Issue, which shall be in circulation at the close of the year then next preceding: of the total amount of the Gold and Silver coin held at every such office at the same period, and of the total amount of the cash of the said Bank then invested at interest, as hereby required, showing the nature of the security, the rate of interest, and also an account of any cash which having been invested at interest, shall have been repaid, together with an account showing the expenses incurred in the conduct and management of the said Bank for such year, and the nature and amount of the Funds received applicable to defray the same.

(Books kept by Manager to be subject to inspection.)

33. And whereas in order to ensure the rendering of true and faithful accounts of the amount of Bank Notes in circulation, and the amount of Gold and Silver coin held by each Manager, and that the business of his office be conducted as hereby required, it is expedient that Inspectors should be from time to time appointed for that purpose: Be it further enacted that all and such Book and Books shall be open for the inspection and examination at all reasonable times of any such Inspector or Inspectors authorized in that behalf in writing by the Governor for the time being. And every such Inspector shall be at liberty to take copies of or extracts from any such Book or account as aforesaid, and to inspect and ascertain the amount of any Gold or Silver coin, or Notes then held by any such Manager.