HC Deb 25 July 1962 vol 663 c155W
71. Sir C. Osborne

asked the Lord Privy Seal, in view of the fact that the United Nations estimates world income at ․1,500,000 million, of which half the population got ․120,000 million, and that half produce raw materials, which have fallen in price by 21 per cent. in the last 10 years, whilst the other half produce manufacturing goods, which have risen in price by 6.8 per cent., if Her Majesty's Government will propose to the United Nations the establishment of commodity stabilising funds provided by the wealthier nations, so as to raise commodity prices and so help the poorer nations; and if he will make a statement.

Mr. Smithers

A number of international organisations, including the United Nations, are already working on the problems of trade in primary commodities, and Her Majesty's Government are taking a full part in this work.