Hon. Douglas Abbott (Minister of Finance):
My hon. friend was good enough to give notice of his question, and to send me the press clipping, which I had not seen, relating to such a conference. I think it must refer to the two working parties set up after the commonwealth finance ministers' conference in January, one of which was to look into the question of the convertibility of sterling and the other to look into the question of the development of natural resources in the sterling area.
Canada is represented on both committees by the finance attache at Canada House. They were to meet late in April again, I believe, and my information is that it was suggested that during that meeting there might be another review of the sterling area position. I think the press report to which my hon. friend refers must relate to these committees.
Subtopic: POSITION OF STERLING AREA