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4. Notwithstanding the provisions of section 4 of the Petroleum (Consolidation) Act 1928(1) or section 1(4) of the Petroleum (Transfer of Licences) Act 1936(2) the fees for petroleum licences substituted by these Regulations shall be payable for any licence first having effect or any transfer or renewal of a licence taking effect on or after 20th February 1987, irrespective of the date of the application for that licence, transfer or renewal.
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