Thank you, Mr. Chair.
I'd also like to comment that I think the intention of the amendment is good; however, at the present time it's not prudent. The banks do have to take a measure of security, a caution, when they're clearing cheques. They have indicated they will immediately move to seven days for cheque clearance, and then down to four.
I would suggest to the member, and to everyone, that if their constituents are in need of an immediate clearance of a cheque, they might request a bank draft for payment, as opposed to a standard personalized cheque, which clears immediately.
The other thing is that once this new regime, a four-day clearance, comes into effect, if they can actually exceed that standard, then I would think we would seek, through regulations, to further speed that process up.