Form of bond

Before issue of a licence there shall be lodged with the Commissioner a bond in the Form C of the Schedule hereto duly executed to the satisfaction of the Commissioner in the name of the applicant in the sum of one thousand dollars and two sureties in the sum of five hundred dollars each conditioned for his proper conduct as a licensee and for his strict compliance with the requirements of the Act, Schedule. provided that in cases where the applicant is the prospective employer or an association of prospective employers, the Commissioner may in his discretion waive execution of such a bond but without prejudice to execution of a bond as employer conditioned for the payment of wages due to persons recruited as provided in section 70 of the Act.