The Newfoundland Royal Commission or Amulree Commission (as it came to be known) was a royal commission established on February 17, 1933 by the Government of the United Kingdom "to examine into the future of Newfoundland and in particular to report on the financial situation and prospects therein." In November 1932, the Newfoundland government led by Frederick C. Alderdice told the public and international community that it would be in default on payments to the public debt, which then stood at $100 million. This worried the British and Canadian governments who feared this would cause a bad reaction on the already fragile stock markets during the Great Depression. It was agreed then, that Canada and Britain would provide short term financial assistance pending the full report of a royal commission. The British government appointed the chairman, Lord Amulree. The Canadian government appointed Charles Alexander Magrath, a former member of the House of Commons of Canada, and the Newfoundland government appointed Sir William Ewen Stavert, a Canadian who was financial advisor to the Newfoundland government. Timeline of the commission March 12, the three commissioners met in St. John's and were received by the Governor, Sir David Murray Anderson. March 16, the Prime Minister formally welcomed the commission on behalf of the government and the Newfoundland people. March 20, the commission commenced regular sitting for the purpose of hearing evidence. This continued five days a week until April 14. April 17, the commission left the capital of St. John's to tour some of the coastal towns and villages. Over the next two weeks the commission visited the communities of Harbour Grace, Carbonear, Heart's Content, Winterton, Bonavista, Catalina, Trinity, Lewisporte, Stephenville, and St. George's. April 28, the commission departed Newfoundland for Ottawa, Ontario, Canada, where it stayed until May 22 gathering information from witnesses who could not meet the commission in St. John's. The commission next proceeded to Montreal, to interview the general managers of the Bank of Montreal on the subject of Newfoundland's debt. May 24, the commission left Montreal for Halifax where it interviewed the general managers of the Bank of Nova Scotia, and heard more evidence, mostly relating to the Newfoundland fishery May 27, the commission left Halifax and arrived in St. John's on May 29 May 30, the commission resumed sittings in St. John's and continued until the end of June. In total, the commission held approximately 100 formal