- Loans raised and utilised for the purpose of repaying (whether directly or indirectly) loans raised and utilised [* * *] for the provision of such tenements as are referred to in sub-section [(1) of section 195C] [These words, figures, letter and brackets were substituted for the original by Bombay 2 of 1934, Section 4(2).] shall be deemed to be loans raised and utilised [* * *] [The words 'for such schemes of improvement or', for such schemes or and as the case may be were omitted by Bombay 2 of 1934, Section 4(1).] for the provision of such tenements [* * *] [The words for such schemes of improvement or, for such schemes or and as the case may be were omitted by Bombay 2 of 1934, Section 4(1).] ].

[Education Cess] [This heading and sections 195E and 195F were inserted by Bombay 48 of 1950, Section 69.]