Explanation—For the purpose of such valuation the additional assets which may be created by the grant of such State-aid may be taken into account to such extent as may be prescribed.

Loan how to be secured Every loan granted to an industry shall, subject to the provisions of section 8, be secured by a mortgage or a floating charge upon the property of the industry subject to any oncambrances existing at the time when the loan is granted and of such collateral security, if any, as the State Government may require. Explanation-For the purposes of this section the "property of an industry" shall not include raw materials acquired for the purposes of finished goods produced by or the stock in trade or other floating assets of the industry.