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.
Naxos, the largest and most fertile island of the group, contains the highest mountain in the Cyclades (Zia, 3290 ft.); the island annually exports upwards of 2000 tons of emery, a state monopoly the proceeds of which are now hypothecated to the foreign debt.
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.
How would you define hypothecated? Add your definition here.