The tiny little kingdom called Monaco lies near the borders of France and Italy. There are only about seven thousand inhabitants in it The kingdom is so small that if all the land in the kingdom were divided among its inhabitants, there would not be even an acre of land for each inhabitant. But this toy kingdom has a real kinglet and like any other real king, the kinglet lives in a palace with courtiers, ministers, a bishop, generals and a small army of only sixty men in all. The king lives by collecting taxes from the people, on tobacco, wine and spirits and a poll tax. Besides, the king also received a large sum of money from a gaming housekeeper.