"THE MUSTARD CLUB."

New Zealand Herald, Volume LXV, Issue 19892, 10 March 1928, Page 9

"THE MUSTARD CLUB."

ISSUE OF THE PROSPECtUS. The mystery which surrounds the formation of the mythical "Mustard Club" will hardly be removed by the publics tion of the prospectus in to-day's Hbrald. For the past, few weeks posters and hoardings throughput' the' Dominion have created no small amGunt of speculation' as to. the identity of this body aud the purpose for which it has been called into being. . People far" aud wide have been enjonied to "Join the Mustard Club," but previously no indication, has been given, lis to what the aims and objects of the club are. The' prospectus now issued is exhaustive if not very definite in its statements, and not alittlo humour is contained in • the explanations for which »o many curious persons have been waiting. To join, the club one is.. not builiered with the necessary forms and applications which' are the tedious adjuncts of the orthodox elub or company. It would seem the club is a very happy affair. The acceptance of shares should call for no business acumen, for the directors, whoever they be, , are quite frank in their statement that there are at least 1,000,000 "hopelessly deferredshares at no par value." .Although the club, conceals its identity, it would appear from the prospectps that such practices as it- now proposes to carry out have been well known for countless og*3. "One of the earliest members wa« Nebuchadnezzar, who found mustard a welcome addition to his diet of gfass," the prospectus states; According to the directors the'-club is to be formed, "For the better digestion and enjoyment of member," and membership is quite unlimited, although it is made quite plain." that shareholders will be individually and collectively responsible for the debts of the company. The responsibility of director's is to bp' confined to the collection bi their fees, and shareholders are warned that dividends will, when necessary, be paid out of capital. Every member of thg; Auckland Stork Exchange has received a copy of the prospectus. It is stated the British'issue was well received and , that' considerable humour was occasioned among the members of the London Exchange when, the prospectus appeared in the' London newspapers. Members sponsored the club in humorous fashion, although in spite *of the lengthy list of 'objects with which they were furnishod, not on«s was able to say what the club actually was. In spite of everything club still remains an unknown quantity.