14 JUNE 1963, Page 18

THE UN DEVELOPMENT DECADE

SIR,—Before Mr. M. G. K. Pierson talks of 'stan- dards of intellectual integrity' will he please try to raise his own standard of financial education? Will he please tell us how a rise in the 'world official price of gold' (which keeps the existing exchange parities unchanged) promotes an increase in world commodity prices or helps the undeveloped countries who have no gold at all?

NICHOLAS DAVENPORT

London, W