"RING IN THE NEW"

Poverty Bay Herald, Volume LV, Issue 17455, 2 January 1931, Page 7

"RING IN THE NEW"

FESTIVITIES AT HOME CONDITIONS REVIEWED LONDON, Jan. 1. The now year was heralded in with the usual festivities. The crowd outside St. Paul's at midnight was huge, but not so large as last year. A feature of the Chelsea Arts Ball in Albert Hall waa a gigantic cracker from which, when it was pulled, sprang a number of girl students. Newspaper comment correctly re fleets the opinion of the country thai 1930 was a disastrous year, and a hope that 1!>31 will be better, but the prospect is not too blight. The Daily Telegraph describe* the old year as decrepit and discredited, and the worst in modern times. It says: "A bad year has been made im measurably worse through the Government being in incapable hands. No Government was ever so utterly dis credited." i ?»!r. MncDonald, in an interview with the Daily Herald, says: "It has been a hard year, with never such a tragic demonstration of the truth of soofalism. The age of the machinery of capitalism is bound to break down." A few financiers in New York, London and Paris were pursuing their own ends and their fruits of good harvests, and of productive accomplishments of human energy, with the resulthat prices had fallen from a sense of insecurity spread over the world, and hail descended steadily to the darkest depression. Fonunately the signs were that the country had reached the bottom, and that- an upward move was beginning. The Morning Post says: "There are two main causes for the depressionsocialism, which means wages without work, and communism—which means work without wages. World conditions are to Mr. MacDonald what predestination was to his Calvinist forefathers, namely, a sufficient substitute for good works."