Licence

(1) The Postmaster General may, with the approval of the Minister, grant to any person, hereinafter called a stamp vendor, a licence in the form specified in the First Schedule to these Regulations to sell postage stamps at the premises specified in the licence. First Schedule. (2) The Postmaster General may attach to any licence such conditions as he may think fit and may require before the grant of any licence that a deposit be made with him by the stamp vendor of a sum not exceeding five hundred dollars. (3) All licences granted under the provisions of sub- regulation (1) of this regulation shall be valid for one year from the date of issue provided that the Postmaster General may, with the approval of the Minister, revoke any licence if there has been a breach of any of the conditions contained in such licence.