B.—o

1876. NEW ZEALAND.

GOVERNMENT BANKING ACCOUNT, (CORRESPONDENCE RELATING TO).

Presented to both Houses of the General Assembly by command of His Excellency.

No. 1. [New Zealand Gazette, 2nd March, 1876.] Conditions of Tendeb fob Banking Business. Tendebs are invited for the conduct of the Banking business of the New Zealand Government; such tenders to be sent in on or before the 20th April, 1876. Any agreement entered into to be terminable by either party on six months' notice given to the other, and to be subject to the following conditions, viz., — As to Deposits. 1. All moneys which the New Zealand Government has to deposit shall be deposited with the Bank by which its business is conducted: Provided— (1.) That the Government shall bo at liberty, whenever its credit balance in London shall exceed one million pounds sterling, to deposit such excess in some other Bank. (2.) That the Government shall at any time be at liberty to invest any part of its credit balance in London or in the colony in interest-bearing securities. (3.) That the Government shall have the right to remove from its bankers the whole moneys lying to its credit in their hands, either in London or in the colony, should it at any time consider the position of the Bank unsafe. 2. The Bank shall at each of its branches accept deposits of any amount for credit of the local Public Account, the Receiver-General's Deposit Account, the Postmaster-General's Account, and such other accounts as may be required; and shall, for every sum deposited, give a receipt in regulation form, and in the office pass-book of the officer depositing the same. 3. All deposits for credit of the local Public Account, or the Postmaster-General's Account, made at any of the branch offices of the Bank in the colony, shall be transferred to the credit of the Public Account or the Postmaster-General's Account at Wellington, on every Saturday after the close of business, unless for special and exceptional reasons such transfers should require to be made on some other day, in which case such transfers shall be made as the Colonial Treasurer or the PostmasterGeneral shall direct. 4. All sums paid to the local Public Account at Wellington shall be transferred to the Public Account, as required in the preceding clause. 5. All deposits for credit of the Receiver-General's Deposit Account, made at any of the branch offices of the Bank in the colony, shall be transferred to the 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 Deposit Account, as the case may be, and the credit balance of those accounts as a whole shall thereupon 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 Zealand Public Account, the Agent-General's Account, 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 deposits