MONTE CARLO PROFITS
STAFF REDUCED TO 259Q. At the annual meeting h'eld just after Easter of shareholders in the Societe des Bains der Mer de Monaco, which controls the -Montei Carlo Oasino, the president, Commandant Dalpierre, reported a good financial position. Receip.ts during the last , 12 months amounted to approxim'ately £709,600 (at par), which was .lower than the previo.us year by £161,150, but on the other hand, expenditure was lower than last year by. £75,300. The net profits amounted to 144,400, which, with the amount carried forfward last year, made ia total ef ^225,920 for disposal. Of this sum, £96,000 was iallocated to pjart payment . of loans and new buildings,-, and £83,200 for the payment of dividends. A dividend was declared for. • 80fr 50c (about. 18s ).a sbare, and 16fr 10c (3s 6d) a one-fifth share, making, with interest, 105fr (£1 3 s 3d) a share and 21fr 10c (4s,8d) a fifth share. The president, .referring to decreased exp'enses, said that when M. Rene Leon, the adwinistrator-delegate, joined the company 10 years ago the number of employees was. 3438, but by last year it had been reduced to 2748, and this year 2590.
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Rotorua Morning Post, Volume 2, Issue 573, 3 July 1933, Page 2
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193MONTE CARLO PROFITS Rotorua Morning Post, Volume 2, Issue 573, 3 July 1933, Page 2
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