3.—(1) A petition, other than a petition presented by the Attorney General, shall not be accepted for lodgement with the court unless the petitioner lodges with the petition security for costs which may become payable by him.
(2) The security required to be given by subsection (1) of this section shall be an amount of three hundred pounds and shall be given either by recognisances entered into by any number of sureties satisfactory to the court not exceeding four or by a deposit of money, or partly in one way and partly in the other.
