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Provision with respect to pound rates and euro rates.
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6.—(1) In this section, “relevant amendment” means an amendment effected by this Act of the Act of 1952 or the Act of 1992, being an amendment in which there appears, immediately after a monetary amount in pounds (in subsection (2) referred to as the “pound amount concerned”), a monetary amount in euro in parentheses (in subsection (2) referred to as the “euro amount concerned”).
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(a) the pound amount concerned shall apply and the euro amount concerned shall not apply as respects licences taken out, under section 1 of the Act of 1952 or, as the case may be, the provision concerned of section 21(3) of the Act of 1992, for periods beginning on or after 1 April 2001 (but not beginning later than 31 December 2001), and
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(b) the euro amount concerned shall apply and the pound amount concerned shall not apply as respects licences taken out, under section 1 of the Act of 1952 or, as the case may be, the provision concerned of section 21(3) of the Act of 1992, for periods beginning on or after 1 January 2002.
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