The proposal to Delimit Hackney licences will mean that any Taxi on the island can work in any area , as the current value of a douglas plate is in the region of £42,000 it is more likely that the eventual price once the market settles down will be somewhere in the middle .
Yes the plate is the property of the RTLC the price is a reflection of the earning potential , and is in effect the price of the current holders signiture on the transfer document .
as for returning the plate to the licencing authority , ask any douglas plate holder some of whom have paid in excess of £50,000 per pl
