Those others with a monarch's tobacco and papers

I believe the answer is:

themakings

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'tobacco and papers' is the definition.
I know nothing about this answer so I can't tell whether this works.

'those others with a monarch's' is the wordplay.
'those others' becomes 'them' (I've seen this in another clue).
'with' says to put letters next to each other.
'monarch's' becomes 'kings' (king is a kind of monarch).
'them'+'a'+'kings'='THEMAKINGS'

Can you help me to learn more?

I've seen this clue in the Sydney Morning Herald.

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