MELBOURNE POSTAL CONFERENCE.

15

E.—No. 4.

34. In case of any such purchase or hire, the contractors to bo at liberty either to terminate the contract, or, if they can provide other vessels in proper time, to continue it, or, with the consent of the Postmaster-General, and on such terms as may bo agreed upon, to continue to perform part only of the contract. 35. The contractors not to assign, underlet, or dispose of the contract, or any part thereof, without the consent in writing of the Postmaster-General. 36. In case of the breach of the thirty-fifth condition, or in case of a great or habitual breach of the contract of any other kind, the Postmaster-General to have power, and that without previous notice, to terminate the contract; such termination not to give the contractors any claim to compensation. 37. In pursuance of the provisions of the Act twenty-two Geo. 111, c. forty-five, no member of the House of Commons to be admitted to any share of the contract, or to any benefit arising therefrom. 38. For the due fulfilment of the contract, the contractors to enter into a bond, with two responsible sureties, to be named in their tenders, in the penalty of £25,000. Such penalty to be considered and recoverable as liquidated damages. 39. Should any dispute arise respecting the interpretation of any part of the contract to be framed on the basis of these conditions, the same to be settled by arbitration in the usual manner; and a submission to arbitration may be made a rule of Court.