Gold dealer licensing requirements accepted on experience in jewellery trade and sufficient local turnover for additional licence

Eligibility for an additional gold dealer's licence turned on two licensing requirements: whether the applicant had sufficient experience in gold trade and whether the locality's average annual turnover justified another licence. Prior partnership in a silver jewellery business from 1971 to 1974 was treated as adequate experience for the licensing rules, and the average annual turnover per dealer in the city was found sufficient to support grant of an additional licence. On that basis, the applicant was considered entitled to the gold dealer's licence, subject to compliance with the remaining prescribed conditions.

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Issues: Whether the applicant satisfied the prescribed requirements relating to experience in gold trade and whether the locality had sufficient average annual turnover to justify grant of an additional gold dealer's licence.

Analysis: The applicant's prior association as a partner in silver jewellery business during 1971 to 1974 was accepted as sufficient experience in gold trade for the purpose of the licensing rules. The Government also found that the average annual turnover per dealer in the city was adequate to justify the grant of another gold dealer's licence under the relevant rule. These findings established compliance with the material eligibility requirements for revisionary relief.

Conclusion: The applicant was held entitled to grant of the gold dealer's licence, subject to satisfaction of the remaining prescribed conditions.

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