The times. [volume] (Washington [D.C.]) 1897-1901, 1901-05-12
MONTE CARLO GAMING TABLES.
An Official Report of business for
the Year Ended March 81.
lFrom the London TeIegraph.l


The annual meeting of the shareholders
in the Monte Carlo Casino Company was
held at O'Clock today in the boardroOm.
1t is necessary to possess 200 shares to be
have to be deposited before the date fixed
upon.
The original value of the shares when
the new company was formed in 1883 was
ed. so that an investment of 1000 was
required to take part in the deliberations.
The present value is $3.50 francs so that
two hundred 80 worth G299 40. Very few
own as many as this. so that the annual
dozen shareholders. NJ Camille Blanc.
son of "Pere Blanc" who founded the
new Casino. is the president of the board
of directors. and occupied the chair today.
The report of the council of adninlstra-
ton for the financial year ended March
81 was first read.
Notwithstanding the fact that Monte
Carlo has had a good season there. is "a
decrease of f3.00D in the receipts from
the gambling tables as compared with
the previous year. The total profits
from roulette and trente-et-quaraRte is
Gg25. 200 To this must be added $50 900
for the rent of the Hotel de Paris. the
Cafe de Paris and other properties owned
by the Casino Company, thus making the
total receipts 1855, 200.
1t is strange that in site of the fact
that tn hotels were packed after the new
year and until the end of March, there
should be falling off in the receipts.
but people are evidently more careful
than they were a few years ago, when
the ''takings'' at the tables amounted
TO tIOO0Ul Money has been scarce
among that class of English people who
have always been considered as the best
cients OF the tables. taking with them a
certain sum and caring not whether they
lost II or not. so long as they were anus
ed. The great 'piungers" are not so nu-
merous as formerly $50. al
A dividend of ls5 francs was declared TO-
day, and this, added to the 3 francs in
terest paid upon the coupon in November,
brings the total revenue to 210 francs.
This is 10 francs less than last years rev.
enue, and. at the present price of the
shares, which dropped considerably when
it became known that there was a de-
crease in the receipts. is only 5i2 per cent
The cause of the fall in the dividend is
the, enormous increase in the expenses
which the company has had to bear The
Prince of Monaco is now paid SO 600 per
annum-this was $4,000 up to last year
under the new concession, granted for
carrying on the gambling for another pc
riod of fifty years Prince Albert is also
allowed a further e25000 for the mainte-
nance of his bodyguard, and the pay.
ment of all the expenses of the Court of
Monaco. with the exception of those con-
nected with his private affairs.
There are no rates and taxes in the
so that all the costs of mu-
nicipal government are paid by the Ca
sino together with the maintenance of
of the caribineers, the police. the law
courts, public works, and the making
and keeping of roads Charitable. educa-
tional and religious Institutes are also
and prizes for the carnival.
for pigeon shooting and other fetes The
bishop and the clergy are also paid out
of the profits of gambling. 49,, ai1.,al
The salaries Of the directors. croupiers.
and other employees sixteen hundred in
alb amount to e100.000 per annum. The
cost of maintenance of the gardens in
front and around the Casino and. the
palace of the Prince, together with the
Palace of Fine Arts, is nearly $4,000 per
annum. The enormous amount of e100000
has been spent this year upon the theatre
and the orchestra. The sum spent upon
public city," or subventions. chiefly to
the French press for not attacking the
has been cut down from ESQ.,
900 to 10000