Substiluted Tor Lhe word "Provincial" by the Adaptation of Laws Order, 1950. — Pb. Act V STATE AID TO INDUSTRIES - 249

1. Substiluted Tor Lhe word "Provincial" by the Adaptation of Laws Order, 1950. PenaIrv for dcfaulr in applying dle loan. Powcr LO adjusL securiry during currency of loan. Powcr lo recover loans. Govcnunen~ guarantee of a minimum return. Subsidies. , , provided that the ~bm'recoverable by Lhe '[Sfate] Govcrnment in any one year shall not exceed a sum cqual to half the net --. . profits made by the company in the preceding year in excess of the sum required for the payment of intcrcst or dividend a1 the rate fixed in hc agreement. 2[A subsidy to a cottage industry or a village industry for any purpose and a subsidy to any other indusu for the conduct or research or for purchase of machinery may be granted by thc '[State] ~o~emment on such conditions as may bc prescribed in that behalf.] I. Subslimled for Ihc word "Provincial" by the Adaplalion of Laws Ordcr, 1950.

Section 1