FACTORS IN 1929. • -
As regards the year on which we ha' e now entered, there are—quite apart from the supreme fact of the anxiety concerning the King's health—at least three main factors which seem likely to exert a considerable influence over the destinies of 1929. One of these is the fact that the General Election in this country will take place during the year, presumably in the autumn. Another is the fad that the Reparations problem is likely to occupy- much attention during the early part of the year, while the third factor is connected with the possible course of develop- ments in the. United States and. Germany, the monetary stringency at those two centres having been primarily responsible for the great loss of gold from this country during the final three months of the year which is just closing.
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