Damages for libel recoverable on bond

(1) Where any plaintiff in any action for libel against any proprietor, editor, conductor, printer or publisher of any newspaper makes it appear, by affidavit to the Supreme Court, or to any judge thereof, that he is entitled to have execution against the defendant upon any judgment in such action, and that he has not been able to procure satisfaction by writ of execution against the goods and chattels or the lands of such defendant, the court or the judge may, for the benefit of such plaintiff, order and direct such proceedings to be had and taken upon such bond as would be taken to obtain any forfeitures, fines, penalties, damages or costs due to Her Majesty secured by such bond. (2) The expense of such proceedings shall be borne exclusively by such plaintiff as aforesaid. 9