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Reduction to present Holders of Licences upon which Fines have been paid on obtaining new Licences.
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IV. Every Person who shall be possessed of any Licence to keep any Hackney Carriage, Job Carriage, Stage Carriage, Cart, or Job Horse, as in this Act described, granted under any former Act, and which Licence shall be in force on the First Day of January One thousand eight hundred and fifty-four, and who shall at any Time within Five Calendar Months next following the said Date apply for a new Licence under the Provisions of this Act, in lieu of such former Licence, and shall have respectively paid up the Rent reserved on such former Licence, and shall have paid all Fines and Forfeitures which may have been incurred by him under or by virtue of any former Act or Acts hereby repealed, shall be entitled, in consideration of the Fine theretofore paid on procuring such former Licence, on their First or First and further Payment of Duty in respect of such new Licence, to a Reduction in the Sum or Sums of Money to be paid equal to a Sum of Money bearing the same Proportion to the Fine paid on procuring such former Licence as the Number of Half Years remaining unexpired of the original Term by such Licence granted bears to the total Number of Half Years contained in such original Term: Provided always, that such Deduction or Deductions shall in no Case be made or allowed except when the new Licence upon which such Reduction of Duty shall be demanded shall be required for a Carriage or other Vehicle of the same Class and Description as the Carriage or other Vehicle described in the former Licence, and unless such former Licence, together with the Figure or Mark of Distinction appertaining thereto, shall be produced and delivered up to the said Commissioners, or to the Officer appointed for that Purpose, or the Non-production of same accounted for to the Satisfaction of the said Commissioners.
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