§ Mr. Hooleyasked the Secretary of State for Trade what progress is being made by the United Nations Conference on Trade and Development in agreeing the regulations of the operation of the common fund of commodity agreements; and if he will place in the Library a draft of the arrangement so far agreed.
§ Mr. ParkinsonThis work is at an early stage. There have been two meetings of the preparatory commission for the common fund. The first agreed that the Commission should be open to all States who negotiated the agreement; and the second agreed on a programme of work up to March 1982. The secretariat will now be preparing drafts for regulations to be considered at later meetings.