.(3) On payment of the prescribed fee, and on being satisfied that the proposed interim licensee is a fit and proper person to hold a licence, that the licensed auctioneer is or will during the relevant time be incapacitated, and that no other circumstances make it undesirable the magistrate may grant an interim licence, subject to such conditions, limitations or restrictions as he thinks fit.
(4) Subject to subsection (5) an interim licence remains in force for such period or periods, not exceeding 3 months in the aggregate, as is or are specified in that licence, and may be renewed from time to time.
(5) Where the auctioneer’s licence to which it relates is surrendered or cancelled, or is suspended otherwise than pursuant to an application made for the purposes of this section, an interim licence shall be deemed to have expired at the same time.