That instrument further prohibits each county, city, town and village from lending its credit and from creating an indebtedness in excess of 10% of the assessed valuation of its real estate.
The bulk of this indebtedness has been contracted for the purpose of constructing railways, tramways, water-supplies, and other revenue-producing works and services, and it is estimated that only 8% of the total indebtedness can be set down for unproductive services.
The Italian local authorities, communes and provinces alike, have considerably increased their indebtedness since 1882, The ratio of communal and provincial debt per inhabitant has grown from 30.79 lire (~1, 4s.
At the same time the chief lines of railway which had been built by public companies with a state guarantee, and which represented a loss to the empire of £3,171,250 per annum, as well as a growing indebtedness, were bought by the state.
Thus, in any estimate of the influence of Babylonia upon the Old Testament, it is obviously necessary to ask whether certain features (a) are of true Babylonian origin, or (b) merely find parallels or analogies in its stores of literature; whether the indebtedness goes back to very early times or to the age of the Assyrian domination or to the exiles who now returned.