Why can't licences be refused to certain money-lenders or traders under any such regulations made by the District Council?
The licences cannot be refused to certain money-lenders or traders under any such regulations made by the District Council because of the following clause provided in the context:

"Provided further that it shall not be competent under any such regulations to refuse the grant of a licence to a money-lender or a trader who has been carrying on business within the district since before the time of the making of such regulations."