8.—5.

2

made at its several branches in the colony and in London, as the Colonial Treasurer, the PostmasterGeneral, 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 regulations, 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 DISBUESEJIENTS, ETC. 15. The Bank shall transfer from the Public Account 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 Treasurer, to meet the cheques of the Pay-master-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 Disbursement 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 business, 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 additional 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, aud 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 Commissioners so require. 24. The successful tenderer will receive notice of the acceptance of his tender, and at the expiration of six mouths 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 particulars, 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. '(o.) Tke total amount which, apart from any special agreement, the Bank would be prepared 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 prepared to advance to the Government by way of overdraft in London.