Public moneys shall not under any circumstances be lodged
in any bank to the credit of a private account or be otherwise involved
with private funds.

Every accounting officer shall, at such times or periods and
in such manner as the Resident Commissioner directs, account for
all public moneys collected, received, or expended by him.

Every accounting officer having the collection or receipt of
public moneys shall, at such times and periods and to such extent
as the Resident Commissioner directs, remit the same to the Treasurer.

Every accounting officer shall keep his accounts in the manner
and form prescribed by the Resident Commissioner.

Every accounting officer having the receipt or collection of
public moneys shall keep a consecutively numbered receipt-book with
butt attached, in such form as may be prescribed by the Resident
Commissioner, and shall give to the person paying the same a receipt
therefrom.

The Resident Commissioner shall furnish to accounting officers
such books of account, forms of receipt, and other books and forms
as may be necessary for carrying out the duties of such officers.

The Treasurer shall keep proper books of accounts, and shall
daily enter therein under appropriate headings all moneys received
and disbursements made by him.

Immediately after the close of the financial year the accounts
of the Treasurer shall be duly balanced by him; and statements
under each heading showing details of receipts and expenditure shall,
within twenty days after the close of the financial year, be furnished
by him to the Resident Commissioner.

The Resident Commissioner shall, within thirty days after
the close of the financial year, prepare a statement of the revenue
and expenditure of the Cook Islands Treasury for that year, and
also an estimate of the revenue and expenditure for the next financial
year. Such statement and estimate shall be forthwith transmitted
to the Minister.

The Treasurer shall, out of public moneys in his hands or to
the credit of the appropriate bank account, pay all claims which are
payable out of the Cook Islands Treasury and which have been approved
in writing by the Resident Commissioner.

All claims against the Cook Islands Treasury shall be stated
on such abstract or other form as the Resident Commissioner prescribes,
and shall be certified by the officer authorized by the Resident
Commissioner in that behalf. All such claims, after being approved in
writing by the Resident Commissioner, shall be forwarded to the
Treasurer for payment.

Advances by way of imprest may be made to such officers
of the Cook Islands Public Service and for such purposes as may be
approved by the Resident Commissioner. Every imprestee shall, as
required by the Resident Commissioner, furnish an account of the
moneys so advanced. All payments made by imprestees shall be
supported by receipts, and the unexpended balance (if any) shall be
paid to the Treasurer by the imprestee in accordance with the
directions of the Resident Commissioner.

Every Resident Agent shall furnish to the Treasurer a quarterly
summary of receipts and expenditure of public moneys by the first
available mail after the quarters ending on the last day of June,
September, December, and March in each financial year.

Any officer receiving law trust moneys shall keep a book in
which shall be entered particulars of all such moneys coming into
his hands, and of all disbursements thereof, under the proper date
and in the order in which they are received or disbursed, and shall
(within such periods as are prescribed by the Resident Commissioner)
pay all such moneys which have not been paid to the person entitled
thereto to the Treasurer to the credit of an account called "the Law
Trust Account of the [Naming the Court]." All payments out of the
said account shall be made in the same manner as the payment of
other claims against the Cook Islands Treasury. All law trust moneys
shall be deemed to be public moneys within the meaning of these
regulations, and shall, subject to the provisions of these regulations,
be dealt with accordingly.

The Treasurer shall forthwith report to the Resident Commissioner
the name of every accounting officer who fails to render
any account or to remit any money in accordance with these regulations.