HC Deb 03 February 1976 vol 904 cc540-1W
Mr. Hooley

asked the Secretary of State for Trade what is the policy of Her Majesty's Government concerning the proposal which will come before UNCTAD IV for a common fund.

Mr. Spearing

asked the Secretary of State for Trade what is the response of Her Majesty's Government to the UNCTAD proposal for a common fund.

Mr. Deakins

Her Majesty's Government have not taken a final position on the concept of a common fund. Before they can do so further progress needs to be made in considering which commodities are suitable for buffer stock arrangements and to what extent consumers are prepared to participate directly in the financing of such stocks.