Ohchusan has a point, there are no cantilevers contained within the frame tubes. A cantilever by definition has only one end of the beam/tube supported or fixed, clearly the extensions on the frames are welded to the rest of the structure at both ends thus they can not truely be called cantilevers!
It is true that they reduce the stresses at the seat tube junction, in a similar way that the seat stay cross over (AKA triple triangle) does. It also effectively shortens both the top tube and down tube which goes some way to compensating for the reduced rigidity due the tubes being curved and not straight.
I think that the real reason they were incorporated was for style, with the engineering benefits secondary: If rigidity of the frame was the consideration why then use a small diameter down tube with doudle curvature that is very lacking in torsional and bending rigidity. The down tube is the most highly stressed main tube in the structure.
Still a great looking frame though after all these years and one which offers great scope for the custom builder.