Period of licence

The Licensing Authority may grant licences to remain in force for such a period, not exceeding ten years as they may in each case determine, commencing on the date on which the licence is expressed to take effect, provided that if, on the date of the expiration of a licence, an application to the Licensing Authority is pending for the grant of a new licence in substitution for an existing licence held by the applicant, the existing licence shall continue in force until the application is granted or refused.