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the neutral wire should be white along its entire length but if they substituted which is what I see then a white tape for the neutral should be installed at both ends. the earth ground is from the water pipe. odd that the equipment ground is a solid wire usually it's #6 bare stranded. ok you are just changing out the panelbox to breakers?? then use the bonding screw supplied and connect the neutral to this bus. the hots will go to the main breaker lugs. you mention the meter and panel are interconnected with conduit. this should be a 1 1/4 inch pipe and have bonding bushings at each end. older services just used regular metal bushings with no bonding screw. look in my electrical fittings section of illustrations. I'm pretty sure I put in a bonding bushing illustration.
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