THE NEW ZEALAND GAZETTE. 157

credit of the Receiver-General's Deposit Account
at Wellington daily.

6. All moneys transferred as required by clauses
   3, 4, and 5 shall forthwith on receipt of advices be
   credited to the Public Account, the Postmaster-
   General's Account, or the Receiver-General's De-
   posit Account, as the case may be, and the credit
   balance of those accounts as a whole shall there-
   upon bear interest at the rate to be agreed upon.

7. The Bank shall, at its London branch, receive
   deposits of any amount for credit of the New Zea-
   land Public Account, the Agent-General's Ac-
   count, or such other accounts as may be required,
   and shall give receipts for all such deposits in such
   form as may be prescribed.

8. All moneys at credit of the New Zealand
   Public Account, the Agent-General's Account, or
   the account of any other person acting as an agent
   for the New Zealand Government in London, shall
   bear interest at the rate to be agreed upon.

9. The Bank shall transfer to the Public Account
   or the New Zealand Public Account, on demand
   made by the Colonial Treasurer, any moneys standing
   to credit of the official account of any public officer,
   either in the colony or in London, except moneys at
   credit of the account of the Commissioners of the
   Public Debts Sinking Funds or of the Public Trustee.

10. The Bank shall furnish to the Receiver-
    General, to the Postmaster-General, or to such
    other persons, respectively, as it may in that behalf
    be required, such periodical statements of the de-
    posits made at its several branches in the colony
    and in London as the Colonial Treasurer, the Post-
    master-General, or the Commissioners of Audit may
    require.

AS TO ADVANCES.

11. The Bank at any of its branches shall honor,
    without charge for interest or otherwise, sight drafts
    of the Postmasters, drawn in accordance with regu-
    lations, on the Postmaster-General at Wellington.

12. When an overdraft exists on one account at
    the Wellington branch, and other accounts at the
    Wellington branch are in credit, interest shall be
    charged only on the debtor balance of the accounts
    at Wellington as a whole.

13. When an overdraft exists on one account in
    London, and other accounts in London are in credit,
    interest shall be charged only on the debtor balance
    of the London accounts as a whole.

AS TO REMITTANCES.

14. All remittances of public money within the
    colony shall be made by the Bank without charge.

AS TO DISBURSEMENTS, ETC.

15. The Bank shall transfer from the Public Acс-
    count at Wellington such moneys as may be required,
    and shall place the same to the credit of the "Public
    Account Disbursement Account" at such of its
    branches as may be directed by the Colonial Trea-
    surer, to meet the cheques of the Paymaster-General
    drawn on such branches, and shall pay such cheques
    in accordance with the form of advice transmitted in
    each case, and with the regulations of the Treasury
    in that behalf.

16. The Bank shall furnish to the Paymaster-
    General such periodical statements of the transfers
    to and the operations on the "Public Account Dis-
    bursement Account," at its several branches, as the
    Colonial Treasurer may require.

17. The Bank, on being provided with requisite
    funds, shall, at any of its branches, make payments
    to and take receipts from the ordinary creditors of
    the Government within the colony, without charge.

18. The Bank, on being provided with the requisite
    funds, shall, at any of its branches, pay coupons for

interest or the principal of debentures payable by
the Government within the colony without charge.

19. The Bank, on being provided with the requisite
    funds at its London office, shall, at that office, make
    payments to and take receipts from the ordinary
    creditors of the colony in London without charge.

20. The Bank shall, at any of its branches, receive
    such deposits for credit of the Sub-Paymasters of
    the Government, and shall honor the cheques of
    such Sub-Paymasters, and furnish such periodical
    statements of account, as the regulations of the
    Treasury may require, or the Colonial Treasurer
    may direct.

21. The Bank shall supply to the Colonial Treasurer,
    the Commissioners of Audit, or such other person
    as may be authorized to demand the same, such
    statements of any official account opened by or for
    or on account of any officer of the Government as
    may at any time be required.

22. Tenderers are required to state generally what
    facilities they can offer for the conduct of the busi-
    ness, and to supply a detailed list of the several
    branches and agencies of their Bank in operation in
    the colony, together with a detailed list of any addi-
    tional branches or agencies they will undertake to
    establish prior to or on taking up the account, in
    the event of their tender being accepted.

23. In any agreement entered into between the
    Bank and the Government, it must be understood
    that such agreement, and the conditions as above set
    forth, are to be held to apply to the account of the
    Public Trustee, so far as the same are applicable—
    and also to the account of the Commissioners of the
    Public Debts Sinking Funds—should the Commis-
    sioners so require.

24. The successful tenderer will receive notice of
    the acceptance of his tender, and at the expiration
    of six months from the date of such notice he must
    be prepared to take up the account.

25. Tenderers are required to state that they are
    prepared to comply with the conditions as set forth
    above, and also to state, as to the following particu-
    lars, the terms on which they are prepared to take
    up the account, viz;---

As to Deposits.

(1.) The rate of interest which they will allow
on the daily balances of the Public Account,
the Receiver-General's Deposit Account,
the Postmaster-General's Account, and the
Public Trustee's Account at Wellington,
when the balances of those accounts as a
whole are under £80,000.

(2.) The rate they will allow when the balances
of those accounts as a whole exceed that
amount.

(3.) The rate of interest they will allow on the
daily balances of the New Zealand Public
Account in London, the Agent-General's
Account, and the accounts of other agents
of the New Zealand Government in London.

(4.) The rate of interest they will allow on fixed
deposits for three, six, or twelve months,
made with their Bank in London and in the
colony, respectively.

As to Advances.

(5.) The total amount which, apart from any
special agreement, the Bank would be pre-
pared to advance to the Government by way
of overdraft in the colony.

(6.) The total amount which, apart from any
special agreement, the Bank would be pre-
pared to advance to the Government by
way of overdraft in London.