In 1983, Bono said of the song, "It would be stupid to start drawing up battle lines, but I think the fact that 'New Year's Day' made the Top Ten indicated a disillusionment among record buyers. I don't think 'New Year's Day' was a pop single, certainly not in the way that Mickie Most might define a pop single as something that lasts three minutes and three weeks in the chart. I don't think we could have written that kind of song." The B-side of "New Year's Day", "Treasure (Whatever Happened to Pete the Chop?)", was never performed live. However, an early version known simply as "Pete the Chop" was played at some concerts in 1980.
A - New Years Day (3:53)
writer(s): U2 / produced by: Steve Lillywhite
B - Treasure (Whatever Happened To Pete The Chop) (3:20)
writer(s): U2 / produced by: Steve Lillywhite
Label: Island Records
Genre: New Wave, Post-Punk
Catalog# 105000
(P) 1982
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