§ Q4. Mr. Barnettasked the Prime Minister if he will seek to convene a conference of Prime Ministers of Organisation for Economic Co-operation and Development countries to consider the question of exchange rates.
§ The Prime MinisterNo, Sir.
§ Mr. BarnettDoes the Prime Minister accept that, as far as the Common Market countries are concerned, the Werner plan on exchange rates for most is no more than a pious hope? In these circumstances, will he confirm that he holds himself free to adjust our exchange rates whether we go in or stay out of the Common Market?
§ The Prime MinisterThere is a difference between adjusting exchange rates between the Common Market and the dollar world and adjusting exchange rates within the Common Market itself. If we become a member of the Common Market we would have to deal with the situation which arose at that time concerning exchange rates.