The Assembly,
Considering that it does not appear to be impossible to achieve before long a general agreement in respect of the limitation and reduction of armaments;
Taking into account the economies that would result from such an agreement for the benefit of the nations;
Taking into account the auspicious political and moral effect which a substantial effort of assistance to the under-developed areas of the world could have,
Instructs the Committee on General Affairs, after consultation with its Committee on Economic Questions, to submit to it a Report on the following proposal :
That the Council of Europe should propose to the nations concluding an agreement about disarmament to undertake at the same time to place a certain part of the economies thus effected in their budgets at the disposal of an investment fund for the benefit of the under-developed areas of Europe and the other Continents.