(1) In this section "the Act of 1952" means the Finance (Excise Duties) (Vehicles) Act, 1952.
(2) The Act of 1952 shall, as respects licences under section 1 of that Act taken out for periods beginning on or after the 1st day of April, 1992, be amended in Part I of the Schedule thereto (inserted by the Finance Act, 1991):
(a) by the substitution of the following paragraph for paragraph 1:
"1. Vehicles of the following descriptions not exceeding 500 kilograms in weight unladen:
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(a) bicycles or tricycles (other than tricycles neither constructed nor adapted for use nor used for the carriage of a passenger) |
£20 |
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(b) vehicles with three or more wheels neither constructed nor adapted for use nor used for the carriage of a driver or passenger |
£20.", |
(b) by the substitution of "£50" for "£40" in subparagraphs (a), (c) and (d) of paragraph 2,
(c) by the substitution of "£400" for "£300" in subparagraph (b) of paragraph 2,
(d) by the substitution of the following subparag
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