(1)In section 15(3) of the [1965 c.17.] Museum of London Act 1965 (payment of the expenses of the Corporation of the City of London in respect of the Museum as to one-third out of moneys provided by Parliament and one-third by the Greater London Council)—
(a)for the words " the Secretary of State out of moneys provided by Parliament, and the Greater London Council shall each pay to the Corporation a sum equal to one-third" there shall be substituted the words " the Secretary of State shall pay to the Corporation out of moneys provided by Parliament a sum equal to one-half " ; and
(b)for the words " the Corporation, the Secretary of State and the Greater London Council" there shall be substituted the words " the Corporation and the Secretary of State ".
(2)Section 43(4) of the [1985 c. 51.] Local Government Act 1985 (which makes provision concerning the funding of expenses in respect of the Museum and is superseded by this section) shall not have effect.