In 1929, the Aird Commission delivered its nine-page "Report of the Royal Commission on Radio Broadcasting" to Parliament. Included in the report was the recommendation that broadcasting in Canada should benefit the people of the country. To this end, the report recommended a publicly owned system funded in part by a $3 annual licence fee, in essence the blueprint for the Canadian Broadcasting Corporation. Unfortunately, the stock market crashed a scant six weeks after the report was issued, making government support for public broadcasting problematic. Eventually, however, under the government of R. B. Bennett, the Canadian Radio Broadcasting Commission was formed in 1932 under the chairmanship of Hector Charlesworth, a journalist and music critic from "Saturday Night magazine".