Security for performance of obligation in respect of lottery

(1) Every person to whom a licence is granted under the provisions of section 6 (2) of this Act shall, for the performance by him of every obligation of whatever kind in connection with the lottery or lotteries, make a cash deposit or enter into a bond in favour of the Committee in such sum as the Committee shall require. (2) Every such bond shall be given with such number of sureties as the Committee may require in any particular case. (3) In case a person to whom such a licence is granted fails to pay any prize money, tax or other sum due by him in connection with the lottery or to perform any other obligation which he is bound to perform, the Committee may deduct from the cash deposit made by such person or may sue for and recover from that person or his sureties such sum of money as may be sufficient for the purpose of satisfying the debt or obligation due in respect of the lottery. 14