(1)On and after the appointed day, section 27 of the London County Council (General Powers) Act 1958 (c. xxi) (charges in respect of subways of council) shall apply in respect of—
(a)any public service work within the meaning of Part V of the City of London (Various Powers) Act 1900 (c. ccxxviii); or
(b)any subway in which the borough council has an interest by virtue of the London Government Reorganisation (Pipe Subways) Order 1989 (S.I. 1989 No. 335),
and references in that section to “the council” shall mean the borough council as respects such subways.
(2)On and after the appointed day, in section 40 of the said Act of 1900, the words from “And the Corporation may” to the end of the section are repealed and any byelaws made by virtue of those words so repealed are revoked.
(3)Subsection (6) of the said section 27 (which provides for an exemption from charges for operators of electronic communications code networks) is repealed.
(4)Any person who by virtue of the said subsection (6) was exempt from paying charges under that section shall, from the date on which subsection (3) comes into force until the next review of charges due under subsection (5) of the said section 27, pay such reasonable charges as may be settled by agreement between the borough council and that person or failing such agreement by arbitration.
(5)Subsections (3) and (4) of the said section 27 shall apply in relation to an arbitration under subsection (4) above as they apply in relation to an arbitration under subsection (2) of that section.