10. Every licence issued under this Act or any rules made thereunder shall be deemed to be issued and held subject, in addition to any others which are prescribed, to the following conditions:
(a)
it shall expire after such period as is prescribed;
(b)
it shall be liable to suspension or cancellation, without any reason being given therefor, at any time by the licensing authority; and
(c)
it shall not be transferable save as in this Act provided.