Originally Island Princess was the steamboat Daily operating in the early 1900s as part of the Puget Sound Mosquito Fleet prior to her sale to CP Steamships. Daily was built in 1913, one of the larger vessels built by Captain McDowell at his yard at Caledonia, near Tacoma. She was the seventh Puget Sound passenger and freight vessel built by Captain McDowell. Daily was 116′ long, 25′ on the beam, 8′ depth of hold and rated at 254 tons. She was a classic example of a mixed-used Puget Sound mosquito fleet vessel.
In 1918, Daily was sold to the coastal service of the Canadian Pacific Railway (CPR), who renamed her Island Princess. CPR put her os the Gulf Islands route, where she made a significant improvement in service. She was the smallest vessel in the CPR Fleet. Island Princess ran from 1918 to 1930 serving points on North Pender, South Pender, Mayne, Galiano, and Saltspring Islands.
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