Paragraph 4 Extension

Where the holder of an existing licence applies under paragraph 1 of Part I above no later than fifty-six days before the end of the period of the three year currency of that licence for the grant of a further licence commencing immediately after the end of that period but the licensing authority considers that it will not before the expiry of that period decide whether or not to grant the licence applied for it may by notice in writing to the licensee extend the currency of that existing licence up to the date on which its decision in relation to that application takes effect.