Established following the collapse of Newfoundland's economy during the Great Depression, it was dissolved when the dominion became the tenth province of Canada on March 31, 1949.
Newfoundland's economic difficulties were exacerbated by debt incurred during the First World War and the collapse of fish prices during the Depression.
Alderdice was in favour of this recommendation and accordingly put it to the House of Assembly, which duly approved the proposals and thus voted itself out of existence.
With the help of grants in aid from the United Kingdom, the Commission attempted to encourage agriculture and reorganize the fishing industry.
So it established the Newfoundland National Convention in 1946 to debate constitutional options, which were submitted to the people in two referendums in 1948.