17. Notwithstanding anything contained in these Regulations a

Transitional person who immediately before the date of commencement of these provisions.

Regulations was a shipbuilder or was keeping open a shipyard or was selling, providing or importing a ship shall be entitled to be or do the same without a licence -

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for a period of 6 months beginning from the date of com-mencement of these Regulations ; and

if before the expiration of that period he applies for a licence in respect of the same, until the licence is granted or finally refused or the application is withdrawn.