text: I shall not enter into the strategic arguments, which events change monthly if not daily. But on the one side we have a very large comnunity with conmon roots living and working in Argentina, and on the other, in the Malvinas (Falkland ) Islands, a small conmunity with similar roots which has become estranged from the larger one~ owing no doubt to unhappy political interests. They cannot remain tied to a distant country when they can have all the advantages that a sound political and economic settlement can provide through serious discussions between the countries involved. - I repeat therefore, I feel strongly that meaningful negotiations have to take place leading to an eventual, lasting solution for all. In a conflict of this nature British interests in Argentin .a itself and those of the permanent popu1ati on of the Islands have much in common and therefore suffer. The latter in the long . I run have much to gain from a prompt solution~ but could have much to lose otherwise. The "CHAIRMAN, I call on Mr. Betts. JVM/11 A/AC~l09/PV~l369 28 Mr: BETTSi I thank the Col'lllli.ttee for agreeing to my addressing it on the matter of the Malvinas issue; which is the subject of a draft resolution here today. I speak as an Islander who was born in the colony and lived permanently in the community until eight years ago~ when I moved to the town of Agua de Oro in the inland province of Cordoba on the Argentine mainland~ These years of residence a100ng the cosmopolitan society of Argentina have meant that I have acquired many first-hand experiences of the life; customs; idiosyncrasies and traditions of its people that are largely unknown to my fellow Islanders: I can assure them that, contrary to the com:non belief in the colony, 
analysis: The text discusses a conflict between Argentina and the Malvinas (Falkland) Islands, and the potential for a lasting solution through negotiations. The speaker, an Islander, shares their experiences living in Argentina and the cultural differences between the two communities. The text does not mention economic development, natural resources, or industry, but it does touch on the idea of a "sound political and economic settlement" and the potential benefits of a prompt solution.