OPTIMISTIC TONE
BRITAIN CELEBRATES NEW YEAR WELCOMED (Australian and N.Z. Cable Association.) LONDON, Jan. 1. | A unanimous feeling that England is on the verge of an all-round happier and more prosperous year gave pre-war gaiety j to the dying" year festivities. Enormous j gala parties were held in all hotels, which were more elaborately decorated than at! any time since the war. The streets j were thronged, and everybody was in buoyant spirits and seemed glad to see the last of 1926, which had been about as bad as could be, and to feel that England is about to emerge from the clouds of depression. This is by no means false optimism. The Sto3k Exchange radiates cheerful-' ness and is talking hopefully of cheaper money in the New Year. Everywhere the general trade position is better than ! for years. Huge contracts are awaiting fulfilment. The old year has seen the j reconstruction of a number of great in-1 dustrial concerns, whereby the position i should be immeasurably "better. The growth of amalgamations is also a sign that Britain is preparing to take the lead.
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Bibliographic details
Poverty Bay Herald, Volume LIII, Issue 16230, 3 January 1927, Page 7
Word Count
184OPTIMISTIC TONE Poverty Bay Herald, Volume LIII, Issue 16230, 3 January 1927, Page 7
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