Construction on the ship, then known only as "Hull Number 534", began in December 1930 on the River Clyde by the John Brown & Company shipyard at Clydebank in Scotland. Work was halted in December 1931 due to the Great Depression and Cunard applied to the British Government for a loan to complete 534. The loan was granted, with enough money to complete the unfinished ship, and also to build a running mate, with the intention to provide a two ship weekly service to New York.