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Operation, duration and renewal of licences.
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15.—(1) Every licence granted under this Act shall be expressed and shall operate to authorise the person to whom it is granted or transferred to keep and have in his possession, in accordance with the terms of such licence, a specified stallion to which this Act applies and shall (unless it is previously revoked under this Act and subject to any suspension under this Act) continue in force until the 31st day of December next after the date on which it was granted and shall then expire unless it is renewed under this Act.
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(2) Every person who is the holder of a licence granted under this Act which is in force (whether by virtue of the original grant or of a renewal or by way of transfer of such licence) may, within the prescribed time and while such licence continues so in force apply to the Minister for a renewal of such licence.
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(3) Every application for the renewal of a licence granted under this Act shall be in the prescribed form, accompanied by the prescribed fee and be made in the prescribed manner and shall contain the prescribed particulars.
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(4) The provisions of this Act in relation to the grant of a licence under this Act shall apply to every application for the renewal of a licence granted under this Act in like manner as they apply to the grant of such licence with and subject to the modification that an application for a renewal of a licence granted under this Act in respect of a stallion which has attained the age of seven years and which has been licensed under this Act for three consecutive years preceding such application for renewal shall not be refused on the ground only of such stallion being affected in its wind.
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(5) Where an application has been made in accordance with this section for the renewal of a licence granted under this Act and such application has not been granted or refused before the expiration of the licence in respect of which it was made such licence shall be renewed by virtue of this section until such application is either granted or refused.
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