UN General Assembly
1981

offers a chance to the nations which have , already developed the necessary technologies for' sea-bed mining to 'distribute the unexpected, windfall of the ocean !is wealth for the common good of mankind. - Perhaps this is a unique opportunity dramatically and, painlessly to narrow the hitherto growing gap between the rich and poor, My delegation therefore welcomes the proposed International Sea-Bed Authority with powers to exploit the mineral resources of the sea-bed and to distribute them under a well-defined international convention.