114Grant of licence.N.I.
(1)Where a person who is not for the time being disqualified under section 200 for holding a dealer's licence makes application in writing to [the Department] in the form prescribed by [the Department] and forwards therewith—
(a)a certificate signed by a justice of the peace that that person is a fit and proper person to receive a licence; and
(b)a fee[ of such amount] as may be prescribed by [regulations];
[the Department] may grant a dealer's licence to that person.
(2)A dealer's licence shall (unless previously terminated) continue in force until 31st December of the year in which it is granted and shall then expire.