—(1) The Licensing Officer may, before granting a licence, require the applicant to deposit such security as may be prescribed.
(2) On the revocation or suspension of a licence, the Licensing Officer may, in his discretion, forfeit in whole or in part any security deposited under subsection (1).
(3) Any person aggrieved by a forfeiture under this section may —
require the Licensing Officer to furnish him within 14 days the reason for the forfeiture; and
within 14 days of the furnishing to him of the reasons for the forfeiture, appeal in writing to the Minister whose decision shall be final.