Repeal and savings.-(1) The Punjab State Aid to Industries Act,

1935 (5 of 1935), as in force in Himachal Pradesh is here by repealed.

1. (2) Notwithstanding such repeal, anything done or any action taken, including, any orders, and notifications issued or rules made in exercise of the power conferred by or under the repealed Act, shall, to the extent of being consistent with the provisions of this Act, be deemed to have been done, taken, issued, or made, in exercise of the powers conferred by or under the corresponding provisions of this Act.
2. (3) All the loans granted or deemed to have been. granted under the Act repealed under sub-section (1) and all documents executed in connection therewith shall be deemed to have been granted and executed under the provisions of this Act and the rules made or deemed to-have been made thereunder, and the recovery thereof shall be effected accordingly. ______________