Finitely Generated Magari Algebras and Arithmetic Lex Hendriks, Dick de Jongh Abstract: Some consequences are studied of Shavrukov's theorem regarding the Magari algebras (diagonalizable algebras) that are embeddable in the Magari algebra of formal arithmetical theories. Semantic characĀ­ terizations of faithfully interpretable modal propositional theories in a finite number of propositional letters are given, in particular for finitely axiomatizable ones. Supported by this theory computer aided calculations on the theories of lowest complexity in one propositional letter were executed leading to a complete list of 62 formulas that axiomatize such theories under which the 8 maximal ones of particular interest.