Show THE BANK OF ENGLAND Investigation of Irregularities Causes st Sensation London Nov 15The Times this morning referring to rumors adverse to the Bank of England says An investigation in-vestigation of certain irregularities with regard to advances on securities is proceeding but the probable losses will be much less than has been al leged and reports of the retirement of directors are erroneous While it is difficult to fix the blame upon individual individ-ual directors we are of the opinion that there must be some serious fault In the system under which the irregularities irreg-ularities occurred I appears to us that on the present occasion the bank will be well advised to depart from Its customar and proper practice of ignoring Ig-noring such rumors and publish facts which concern the public in advance of the halfyearly meeting Though the bank is a private corporation it also is a national institution and therefore ought to reassure the public when uneasiness has been created by false rumors |