On Feb. 28, 1924, Governor General George Byng delivered his throne speech to commence the third session of Canada’s 14th Parliament. William Lyon Mackenzie King was Canada’s prime minister.
Byng mentioned the government awaited a report from the Royal Grain Inquiry Commission on grain freight rates.
The commission discovered that, “during the 1922 shipping season, vessel operators controlling a sufficient proportion of the bulk freighters on the Upper Lakes to constitute a virtual monopoly, combined to fix rates to be charged on the shipment of grain on these lakes…,” the report said.