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2. Where, after payment of any annual fee payable in accordance with the provisions of these Regulations, the licence in respect of which such fee has been paid is revoked or expires on a date earlier than the date of expiry stated in the licence, the Licensing Authority may refund to the applicant the whole or any part of the difference between such annual fee as has been paid and the amount of the annual fee payable on the basis of the actual duration of the licence up to the date of such revocation or expiry.
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