4(7)Where the terms, conditions or requirements of a licence have not been met to the satisfaction of the Minister, or where it appears to the Minister that damage to the property of owners adjacent to the site of the public event has occurred and the owners have not been adequately compensated for such damage, the Minister may, without recourse by any person, declare any security provided to him pursuant to subsection (6) to be forfeited, and may negotiate the same, and may compensate the owners of adjacent properties in such amount as he may deem just and reasonable, and may retain or remit to the holder of the licence the balance of the funds realized from the said security, if any, as he may see fit in the circumstances.