But where would a person sell the recouped (Spelling) metals?
"(1) The [receiver of revenue in any magisterial district]
Director -General may, [with the written approval o f ] after
consultation with the [Commissioner of the South African
Police] Governor of the South African Reserve Bank or any
person designated by him, and subject to the provisions of this
section, issue to any person, in the form prescribed by regulation,
a recovery works licence [for such district] entitling the holder to
do all or any of the following, as may be specified in the licence,
namely-
(a) to buy or receive unwrought precious metal in any
form from the South African Mint or any manufacturing jeweller,
dentist or engraver or any other person or class of persons
approved by the [Treasury] Director-General;
(b) to refine or change the form of unwrought precious
metal in his lawful possession and thereafter to
dispose of such precious metal-
(i) to the South African Mint or any banker; or
(ii) to any person or class of persons exempted
under section 143 (1) (a) to (e) and (3) (a),
(b) and (dA) and approved by the [Treasury]
Director-General;
(c) to extract precious metal from any material,
substance or solution in his lawful possession and to
dispose of such precious metal in accordance with
the terms of his licence or the provisions of this
Chapter;
"(3) There shall be paid to the [receiver of revenue]
Director-General in respect of every recovery works licence
a prescribed fee. [of fifty rand if the licence is issued for
a year, or sixteen rand if it is issued for a quarter of a
year]";
"(4) Any such licence [if issued for a year, expire
on the thirty-first day of December of the year in
respect of which it is issued, and any such licence
issued far quarter of a year shall expire on the first
ensuing thirty -first day of March, thirtieth day of June,
thirtieth day of September or thirty-first day of
December, depending on the quarter during which it is
issued.] shall terminate in accordance with the terms and
conditions under which it was issued";