We have maintained from the very beginning that these were unintended consequences.
The minister acted, I'm sure, in what he considered to be good faith to a problem that was obvious at the time, and probably out of a sense of some degree of panic about the possible conversion on a mass scale of too many private corporations. However, the difference between reacting to that particular situation and the draconian measure that was taken is one that has effectively caused the destruction of the income trusts. I don't believe he realized at the time that this would be the consequence.