As from the appointed day subject to the provisions of this Act the property powers duties and liabilities of the vestry (not being property powers duties or liabilities relating to ecclesiastical affairs or charities) in each of the existing parishes shall be transferred to the Common Council and in any Act (whether local or general) relating to any of such parishes references to the vestry except in relation to ecclesiastical affairs or charities shall be construed as references to the Common Council Provided that any building which belongs to any body whose powers and duties are transferred to the Common Council by or under this Act and which has been erected wholly or partly on a churchyard shall with its appurtenances be transferred to and vest in the Common Council subject to such right of use for church purposes as may be given by a scheme under this Act.
Nothing in this Act shall transfer to or vest in the corporation or in any way prejudice or affect any property rights powers or privileges vested in the trustees under an M1Act of 10 George IV. c. 96 being “An Act for taking down the Parish Church of Saint Dunstan in the West in the City of London and building a new Church in lieu thereof.”