The founders of Woolworths incorporated the company with a Nominal Capital of 25,000 shares of £1 ($2) each. The original prospectus showed the proposed company as ‘Wallworths Bazaar Ltd’ an obvious play on the famous F. W. Woolworths, name. However when it was discovered that F.W. Woolworths hadn't registered the name in Australia and had no plans to open in Australia, the name was changed to Woolworths. On 22 September 1924, the Company was registered as ‘Woolworths Limited’.