Section 1. All powers over the whole or any portion of the said District, which at the time of the said transfe

1. All powers over the whole or any portion of the said District, which at the time of the said transfer are, under or by virtue of any law or regulation, vested in, or exercisable by, the said Lieutenant-Governor or Board of Revenue, shall, on the said transfer, become vested in the Governor General in Council.