E. SEPAKATE VIEWS OF HOX. DONALD M. FEASER AXD 

 HON. BENJAMIN S. ROSENTHAL 



We recognize the validity of many of the concerns of the subcom- 

 mittee. However, we disagree with the negative tone, perhaps inad- 

 vertent, with respect to the potential of the United Nations to con- 

 sider and resolve the issues posed by the preservation, development, 

 and use of tlie ocean's resources. 



Specifically, we believe that the L'nited Nations is the proper 

 assembly for a careful and lengthy consideration of the various 

 national and international issues. The alternative is a continuing 

 haphazard exploitation of the resources of the ocean and its floor to 

 the ultimate detriment of both international cooperation and to an 

 equitable share of what is, by every conceivable standard, a resource 

 common to the nations of the world. 



We believe further that legitimate economic development would 

 greatly benefit from a system of international franchises or licenses 

 which could result from international agreement. This would avoid 

 possible future complication arising out of conflicting national claims 

 and uncertain economic investment. 



There is no reason to believe that the only alternative to a narrow, 

 national approach is precipitous action by the United Nations. The 

 success demonstrated in negotiating the space treaty is impressive 

 precedent for effective L^nited Nations action. In this earlier treaty, 

 and on numerous other occasions, the United Nations has given 

 adequate and extended consideration to both the complexities of the 

 issues and to national interests. 



Finally, we believe the United Nations should be encouraged to 

 consider the possibility of financing its own activities, particularly 

 those involving assistance to the less wealthy countries, from a 

 planned development of the ocean's resources. Whether this possi- 

 bility could one day solve the United Nations financial problems is 

 not yet known but, once again, the world assembly is the proper 

 forum for exploring the benefits which could flow from such an 

 international approach. 



(6R) 



