The M1Tramways Act 1870 in its application to [F1the Executive] or their undertaking shall have effect as if the following provisions thereof were omitted therefrom, that is to say, so much of section twenty-eight as relates to the abandonment of undertakings, the taking up of tramways or parts of tramways and the restoration of roads, and sections thirty-five to forty, both inclusive, forty-two, forty-three, forty-four and sixty-three, and any provision of any Light Railway Order made under the Light Railways Acts 1896 to 1912 or any local Act which immediately before the appointed day had effect in relation to any of the undertakings which are transferred to [F1the Executive] by this Act, and which incorporated or enacted provisions to the like effect as the provisions of the M2Tramways Act 1870 which by this section are not to apply to [F1the Executive] or their undertaking, shall in the like manner in its application to [F1the Executive] or their undertaking cease to have effect.