§ 30. Mr. Tilneyasked the Chancellor of the Exchequer what proposals he has received from the World Bank on the settlement of disputes over the treatment of foreign private investments in developing countries which are prepared to submit disputes to conciliation and arbitration by qualified persons of independent judgment; and whether he will sign a convention on this.
§ Mr. CallaghanThe World Bank has now invited member Governments to sign the Convention on the Settlement of Investment Disputes prepared by the Bank. Her Majesty's Government propose to do this.
§ Mr. TilneyI thank the right hon. Gentleman for that reply.