The times., 1901-05-12
MONTE CARLO GAMING TABLES.
An OmcinI Report OF business for
the Year Ended March 81.
(Erom the London Tcle0ranh. }

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
able to attend the assembly and they
have 20 be deposited before the date fixed
upon.
The original value of the shares when
the new company was formed in 1883 was
SO so that an investment Of E4.0oG was
required 10 take part in the deliberations.
The present value is $50 fT7 ncS, so that
two hundred are worth s299, 40. Very few
own as many as this, so that the annual
assembly is generally composed of half e
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 administra-
ton for the financial year ended March
g was first read
Notwithstanding the fact that Monte
Carlo has had good season there. is "A.
decrease Of &3.0O in the receipts from
the previous year. The total profits
from roulette and trente-et-quaraRte is
E925 200. To this must be added 5000
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 G955, 200
1t is strange that in sCite of the fact
that tn hotels were packed after the new
year and until the end of March. there
should be a 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 GLGOJ,eJ0 Money has been scarce
among that class of English people who
have always been considered as the best
clients of the tables. taking with them
certain sum and caring not whether they
lost II or not, so long S they were anus
ed. The great ''plungers'' are not so nu-
merOuS as formerly
A dividend Of 1S5 francs was declared to-
day, and this, added to the 25 francs in
taTeSt Dai6 npOn the in
brings the total revenue TO 2l0 francs
This is 10 francs less than last years rev.
enue and. at the present price of the
shares, which dropped considerably when
1t became known that there was a de-
crease in the receipts, is only 5iz per cent.
The cause of the fall in the dividend is
the enormous increase in the expenses
winch the company has had to bear The
Prince of Monaco is now paid E70, 900 per
annum-this was G50000 up to last year
under the new concession, granted for
carrying on the gambling for another pc
Rod of fifty years. Prince Albert is also
allowed a further &25,000 for the mafnte-
nance OF his bodyguard, and the pay
ment of all the expenses Of the Court of
Menace, 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
1f the caribineers. the police. the law
courts, public works and the making
and keeping of roads Charitable. educa-
rional and religious institutes are also
supported. and prizes for the carnival
,or pigeon shooting and other fetes. The
bishop and the clergy are also paid out
Of the profits of gambling. 41..rsl
The salaries of the directors. croupiers
and other employees (SiXteen hundred in
AID amount to e100000 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 A rrS rlV f.3N moi
annum. The enormous amount of E1O0.0o1
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
gamblin. has been cut down from G30.-
10 to $50 600