2The Local Government Act 1888 shall have effect subject to the following modifications, that is to say—
(a)section 20 (3) shall apply—
(i)to the Greater London Council and Greater London ; and
(ii)to the council of a London borough and their borough; and
(iii)to the Common Council and the City,
as it applies to a county council and their county ; and any sums received by the Greater London Council by virtue of an Order under section 20 (3) by way of the proceeds of local taxation licence duties shall be applicable to general London purposes;
(b)any powers, duties or liabilities within the City which immediately before 1st April 1965 were by virtue of section 41 (1) (b) powers, duties or liabilities of the London county council shall become powers, duties or liabilities of the Common Council.