Paragraph 1
The fee payable for —
(a)
a licence,
(b)
registration, or
(c)
renewal of a licence or registration,of less than one year's duration shall be, respectively, the fee set out above for a licence, registration or a renewal of a licence or registration, of one year's duration decreased proportionately according to the duration of the period for which the licence, registration or renewal of either is granted.