Paragraph 5 Application during the currency of a licence
(1)
A licensee may at any time during the currency of an existing licence apply under paragraph 1 of Part I above for a licence the terms and conditions of which would, if granted, differ from those of his existing licence.
(2)
If the licence so applied for is granted with effect from a date which falls within the currency of that existing licence, then the existing licence shall by virtue of that grant terminate at the end of the day before that date.