(Evening Post, Ootober 6.) j The news from London tops-ding t. e im mediate effect oft he Report of the Comrr. t:ee of Investiga'ion of the Bmk of New Za' -nd, o.ntrast. very s'arfclingly with tho «1> uri outburst of congratulations, we raigl t, al« moßt eay jubilation, with whioh tho Bo rort has been received in the colony, Judging from the columns md oolu_>ns of pr» is : > aud rejoioiog and singuine anticipation w ic. bave appeared in some of tbe Now Z - ' m_ papers during the last three daye, it might be supposed that tbe way to make a Bmk rosily prosperous aai pub it in the way of making large profits and paying Bfceady and splendid divide da on is shares, ie to lose -6800(000, to grossly mismanage the business, shamelessly squander tbe shareholders' money, and get the whole concern into each a d sgr. ceful mess tbat the original capital has to ba subscribed over again in order to save it from instant insolvency. After all tbia baa been done, we are assured, the ; ros. peots of the Bank are most brilliant', its shares, whether new or old, are a magnificent investment, a.d suoh is tbe confidence e .t.r tained by the pnblio iu its futnre bii ccs tbat tho Whole of the required £1, 000.0(H) of additional oapiial oould be easily obtaiued iu Auokland alon. Bid anybody ever beer suoh preposterous nonsense ? Wa fay the papers Which hive written in that strain l>ave either totally misunderstood the purport and Bignifioance of the Committee's Report, or else have lent themselves to a most audacious imposture, designed to blind the publio es to the true state of affairs. Why these extrava gant laudations, or these glowing expecta tions? What conceivable justification is there for anything of the sort, either in the Committee's Report or in any feature of the Bank's situation? Do not the mercantile -world in London know something about these matters ? Surely they do ; and what is their opinion of tbem ? The direotora of the Bank in London have ;found it neoessary to issue a oireular explaining their position. Those who ate behind the seene. know perfeoily well why they had to do so. 