Franchise and prescriptive rights
9.—(1) The powers to maintain markets in streets and to hold fairs exercisable immediately before 1st April 1974 by the corporation or council of the borough of Helston shall be exercisable by the Town Council of Helston.
(2) The right of wreck enjoyed immediately before 1st April 1974 by the corporation or council of the borough of Southwold shall be exercisable by the Parish Council of Southwold.
(3) Any parish council to whom any matter is transferred by paragraph (1) or (2) above shall have the same powers in relation thereto as were exercisable immediately before 1st April 1974 by the corporation or council from whom the matter is transferred.