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87Payments in respect of monopoly value to go to Exchequer.
(1)All payments made in pursuance of conditions attached by licensing justices to the grant of new on-licences under section four of the [4 Edw. 7. c. 23.] Licensing Act, 1904, shall, notwithstanding anything in that or any other Act, be paid into the Exchequer.
(2)On any proceedings relating to the grant or confirmation of a new on-licence, to which section four of the Licensing Act, 1904, applies, any person authorised by the Commissioners shall be entitled to be heard by the justices or confirming authority on the question of the payments to be imposed for the purpose of securing monopoly value to the public.
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