Mr. Wall, as I mentioned earlier today, and this is not a question of whether I believe you, the problem is, for example, when people buy travellers' cheques. I met a constituent who had purchased them and tried to use them in the United States. People would not accept them in the United States, so she brought them back to her financial institution, and they said, “Sorry, we don't accept them anymore because of some security changes.” Again, that's something that she actually paid a premium for and now can't have that money returned by her own financial institution, where they know that client because she has banked there for well over 20 years.
I do see those cases quite frequently. So the system doesn't always work that way, and I'm afraid we're going to see where some people with an older note will end up going to a secondary purchaser, who will then, at a profit, bring it in to the Bank of Canada.