Memory 1920s TermsVersión en línea 1920s Canada Political Terms por Karen Logan Progressive Party British law that established equality between the parliament of Britain and those of its former colonies, such as Canada. New party formed in 1921 made up of farmers and unsatisfied Liberals; grew out of impatience with both major parties (Lib and Cons). Balfour Report King-Byng Affair Submitted in 1926, recommending that Britain recognize Canada, Newfoundland, and other colonies as independent nations. First treaty signed without Britain; signed in 1923 with US over fishing rights in the Pacific. Chanak Affair The dispute between Prime Minister King and Governor-General Byng 1926, about who should form the next government. Statute of Westminster Halibut Treaty Potential war for Britain over land; Canada refused to support Britain because we did not want to go to war.