Financial standingE+W+S
3. For sub-paragraph (2) of paragraph 2 of Schedule 3 to the Act there shall be substituted the following sub-paragraph—
“(2) An applicant for, or the holder of, such a licence authorising the use of vehicles for international operations shall not be considered to be of the appropriate financial standing unless he has available to him capital and reserves of an amount equal to or exceeding the aggregate of—
(a)9,000 Euro for the first or only vehicle which is to be or is authorised under the licence; and
(b)5,000 Euro for each additional vehicle which is to be or is so authorised.”