 Work had proceeded as far as the preparation of submissions from six shipyards and applying for government financial assistance with the construction when misgivings among some executives and directors, coupled with a shareholder revolt, led to the benefits of the project being reappraised and ultimately cancelled on 19 October 1961.Cunard decided to continue with a replacement "Queen" but with an altered operating regime and more flexible design.Realising the decline of transatlantic trade, it was visualised that she would be a three-class (First, Cabin and Tourist) dual-purpose ship operating for eight months of the year on the transatlantic route, and during the winter months would operate as a cruise ship in warmer climates.