HC Deb 13 December 1978 vol 960 c227W
Mr. Brocklebank-Fowler

asked the Secretary of State for Trade what consideration he has given to quantifying the potential benefit to the United Kingdom if a common fund is established; and if he will make a statement.

Mr. Meacher:

The main benefit will lie in the greater stabilisation of commodity prices which it is hoped that a common fund will make it possible to achieve through international commodity agreements. Cost benefit can be quantified on the basis of certain promises, but uncertainty about these promises produces a wider margin of error in any calculations.