§ 11. Mr. Peter Archerasked the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on United Kingdom proposals for the contemplated Sea Bed Convention for consideration by the International Conference on the Law of the Sea.
§ Mr. GodberWe continue to advocate a régime under which all States would be entitled on an equitable basis to receive licences from an International Sea Bed Resource Authority enabling them to participate directly in the exploration and exploitation of the mineral resources of the international area of the sea bed. We also believe that there should be an equitable distribution of any surplus revenues of such an Authority.