(1) The fee, under section 71 or 72 of the Survey Regulation, to be paid in respect of the issue of a new operating licence in respect of a local vessel is a fee equal to the aggregate of the following amountsˇX
(a) for each of the following within the validity period of the licenceˇX
(i) the monthly period beginning on the first day of the validity period;
(ii) each subsequent monthly period,
an amount equal to 1/12 of the amount specified in subsection (2);
(b) for each day within the validity period of the licence that does not fall within a monthly period referred to in paragraph (a)(i), an amount equal to 1/365 of the amount specified in subsection (2).
(2) The amount specified for the purposes of subsection (1) is, for each person by which the number of passengers specified in the certificate of inspection or certificate of survey (as the case may be) in respect of the local vessel concerned exceeds the number of passengers shown in the existing operating licence in respect of the vessel, $165.