144 



Our first impressions are that the Draft Convention fails to 

 do this. 



9. Do you believe the deep seabed provisions in the 

 negotiating text reflect an interest in developing the deep 

 seabed minerals or actually serve to prevent that development? 



— Do you believe it is the intention of the developing 

 nations to use this portion of the LOS Treaty to achieve a 

 massive transfer of aid? 



A. Certainly the current provisions are not "pro- 

 development." On the contrary, their tone and content are 

 aimed at regulating and restricting seabed mining so as to 

 mitigate what are considered by the developing states to be 

 negative consequences of the formation of a new industry - 

 an industry that otherwise would be controlled by developed 

 states and operated according to their economic and political 

 principles. 



The New International Economic Order, upon which much of 

 the rhetoric and many of the substantive provisions of the 

 seabed mining text is based, is aimed at effecting a massive 

 flow of real assets from the North to the South by changing 

 the terms of trade in goods, services and technology between 

 the two groups of nations. 



10. Aside from the comments in Committee III, how strong 

 was the feeling that reopening negotiations in some area 

 would jeopardize compromises already achieved in other areas? 



A. As indicated in the formal statement, the chairman 



of Committee III at the one meeting of the Committee stated 



that reopening negotiations on pollution or scientific research 



