Clause 3

the character and financial position of the applicant or, if the applicant is a corporation, the character of the directors and the secretary of the corporation and of the corporation’s financial position; and

the interests of the public,the Association is of the opinion that the applicant is a fit and proper person to hold the licence applied for.(3) A licence shall not be granted to any applicant unless he is a registered member of the Association and the holder of a licence issued under section 4 of the Rubber Dealers Act (Cap. 226).(4) Any person who is aggrieved by the decision of the Association in refusing to grant a licence may appeal to the Minister whose decision shall be final.(5) Where an appeal is made to the Minister pursuant to subsection (4), the Association shall furnish the Minister with such information as he requires for the purposes of the determination of the appeal. After consideration of the written representations made by the applicant, the Minister may, if he considers there is insufficient ground for interfering with the decision of the Association, dismiss the appeal or, if he is of the opinion that a licence should be granted to the applicant, reverse the decision of the Association and order the Association to grant a licence to the applicant.”.