We had a Christmas tree like this - I think ours was the Woolworth's version though - see article. It came into the house when I was maybe 7 or 8 and had the candle holders. My dad would put the little candles in and light them on Christmas Eve, for a very closely supervised few minutes. The only one of the decorations I remember clearly was a blue plastic-type moon with a face, though I know there were others, and cotton wool snow.
The Christmas that stands out most clearly was the one when my younger sister got a scooter and scooted round the very small living room till she fell off - it didn't take long - and cut her knee on the frame of the scooter. A very grumpy doctor was called out to stitch her up on Christmas morning.