Section 17

The rules and regulations mentioned in section 16

may among other things fix a limit to the rates which the owners or operators of a pipe-line may charge for the car-riage of oil, and the terms and conditions upon which such owners or operators shall be bound to carry oil, and may attach a penalty not exceeding $500 to the breach by such owners or operators of any such rule or regulation, and provide a method for deciding all questions as to the per-formance of their obligations towards the public, including questions as to the damages payable by such owners or operators or other their liabilities for failure to perform such obligations. Such owners and operators shall execute in favour of His Majesty in Council, and his successors a bond with 2 or more sufficient sureties, to be approved by His

Majesty in Council, in the sum of $10,000, conditioned for the payment by them of any penalty or payment of any such sum to which they may have become liable under such rules or regulations and for compliance with any such decision as aforesaid.