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| 1933 |
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| NEWFOUNDLAND LOST ITS STATUS AS A DOMINION, reverting to that of a crown colony because of debt resulting from incompetence and corruption. A royal commission (appointed in March) reported (Nov.) the following recommendations: (1) Replacement of the existing form of government by a special commission consisting of three British representatives and three Newfoundlanders, with the governor as president. This commission was to have legal and executive authority subject to the supervisory control of the British government. (2) Readjustment and lowering of tariffs. (3) Assumption by the United Kingdom of responsibility for Newfoundland finances until the island should become self-supporting. These recommendations were approved by the Newfoundland Parliament on Nov. 29 and received the royal assent on Dec. 21. | 1 |
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| 1934 |
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| Substantial progress toward economic and financial recovery. | 2 |
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| Oct. 1 |
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| The commission announced that on Jan. 1, 1935, import duties would be revised, generally downward. | 3 |
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