I agree with Mr. McCallum.
Also, I have no objection to Gordon Brown taking his inspiration from us. With all due respect for the House of Commons, I did not submit the wording of this motion to Gordon Brown before bringing it forward here.
In fact, this has nothing to do with the chartered banks. I don't know what kind of transactions Mr. Menzies conducts at his bank, but I, for one, am not involved in speculative, short-term capital transactions. So, I cannot really relate to the situation described by Ted Menzies. Perhaps he is involved in speculative short-term movements of capital. But I am not the one managing his speculative funds.
It is the very large institutions that are affected by this—the speculators, the hedge funds. They are the ones this is aimed at. That's why I think it's very important that we do such a study.
At the same time, I am very aware of time constraints. Can we put this study on the table and hope that we will have time to do it? If it's necessary to present it again in September, I have to admit I am not sure what the procedure would be.