Composition of offences
43.—(1)  The chief executive or any officer authorised by him may, in his discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum of money not exceeding $1,000.
(2)  On payment of such sum of money, no further proceedings shall be taken against that person in respect of the offence.