NEW YEAR PROSPECTS.

Waikato Times, Volume 111, Issue 18524, 2 January 1932, Page 9

NEW YEAR PROSPECTS.

CHARY PROPHETS. BRITISH PRESS COMMENTS. ATMOSPHERE OF EXPECTANCY. United Press Assn.—Elec. Tel. Copyright, (Received Jan. 2, 9.30 a.m.) LONDON, Jan. 1. The newspapers are chary in tlieii New Year prophecies, and mainly content themselves with pious hopee. The Daily Telegraph says: “There is an atmosphere of expectancy that the fust months of the year may see decisions which will determine the immediate future of the civilised world. The credit crisis has made many purses lean, but it has n.>t affected one section of soc'-Tv or one nut'on alone. In Britain lie turned o', pi a new political leaf uaoe months aso and 1932 will see tho British people tackling llicir prooimi in a new concluding spirit.” Tbf Financial Time*, ''cgirjs thd budge l prospect as good.' It says the soundness of Ihc position in this re--peet and the strong support accorded tlie Government by the small investor will provide a doubly bracing influence with which to start the New Year. The Times alludes to tho elections in New Zealand and Australia and says: “The new starting point to recovery may well be traced in future to these demonstrations that democracy, not only in war time, but among subtler dangers of economic confusion, can be trusted to thrive upon truth." The Times then proceeds to refer to the opening for reciprocity between Britain and the oversea Dominions, and says what the new concentration upon the economics of the Empire might mean for many British difficulties, especially the great question of India, can hardly he overstated.”