Loans are repayable by Agrarian instalments, and are guaranteed by first mortgages not Credit greater in amount than half the value of the hypothecated flanks property.
Finding most of its valuable rates hypothecated to the meeting of old debts, the municipality of Palermo has embarked upon municipal ownership and trading in various directions.
The estimated receipts from the " Tithes " (including tobacco and silk, both hypothecated to the Public Debt Administration) are £T6, 73 1,107.
Of these, commercial stamps are among the revenues specifically hypothecated to the Public Debt Administration, £T460,079; the others, consisting of legal stamps of various kinds, registration and transfer-duties, &c., are estimated to produce £ T6 53,373 forming a combined total of £T1,113,452.
Nothing definite as to Poland seems to have been arranged, but Prince Kaunitz, the Austrian chancellor, was now encouraged to take the first step by occupying, in 1770, the county of Zips, which had been hypothecated by Hungary to Poland in 1442 and never redeemed.