(1) A licensing authority may -

(a) on application to it in that behalf by a person carrying on the business of manufacturing, dealing in, distributing or repairing vehicles or any other prescribed business (but excluding a person carrying on the business of manufacturing, dealing in or distributing components or parts for vehicles or of the carriage of vehicles and not carrying on any of the other businesses aforesaid),

(b) on payment to the authority of the duty of excise of the appropriate amount specified in subsection (3),

(c) on furnishing to the authority such information as it may reasonably require for the purposes of this section, and

(d) on proof to the satisfaction of the authority that he complies with such other (if any) conditions as may be prescribed and that he is not a person to whom the exclusion specified in paragraph (a) applies,

issue to the person a licence (in this section referred to as a trade licence).

(2) A trade licence shall consist of -

(a) in the case of a motor-cycle, a plate which shall be exhibited on the back of the vehicle in the prescribed manner, and