§ 48. Mr. Hamiltonasked the Prime Minister whether, in view of recent events, he will take steps to initiate the calling of an international economic conference.
§ The Prime MinisterI do not consider that an international economic conference would be useful in present circumstances. The economic aspects of recent events are already under discussion in the Organisation for European Economic Co-operation, the North Atlantic Treaty Organisation and the International Monetary Fund and other international bodies. Her Majesty's Government are also in constant touch with other countries, including other members of the Commonwealth and the United States.
§ Mr. HamiltonAre there not economic problems in the world which lend themselves to international solution through a conference such as is envisaged in the Question? Would not the Prime Minister agree that the distribution of oil is a question of world-wide importance which should be discussed internationally and not be attempted to be solved unilaterally by one Power, or even by two?
§ The Prime MinisterI think that the hon. Gentleman raised this question with the Chancellor of the Exchequer, who certainly did not exclude it, but said that at present he did not think it was opportune but certainly thought it worth keeping under consideration.
§ Mr. OsborneWould not my right hon. Friend agree that no international economic conference can be a substitute for getting ourselves out of our economic difficulties by higher production, better quality and lower prices?