The 46th General Assembly of Prince Edward Island was in session from February 24, 1948, to March 31, 1951. The Liberal Party led by John Walter Jones formed the government.
Eugene Cullen was elected speaker. Forest W. Phillips replaced Cullen as speaker in 1949.
There were five sessions of the 46th General Assembly:
| Session | Start | End |
|---|---|---|
| 1st | February 24, 1948 | March 25, 1948 |
| 2nd | February 22, 1949 | March 23, 1949 |
| 3rd | February 27, 1950 | March 30, 1950 |
| 4th | September 7, 1950 | November 29, 1950 |
| 5th | March 6, 1951 | March 30, 1951 |
| District | Assemblyman | Party | First elected / previously elected | |
|---|---|---|---|---|
| 1st Kings | John R. McLean | Progressive Conservative | 1940, 1947 | |
| 2nd Kings | Harry Cox [a] | Liberal | 1927 | |
| Harvey Douglas (1950) | Liberal | 1950 | ||
| 3rd Kings | Joseph G. Campbell | Liberal | 1947 | |
| 4th Kings | John A. Campbell [b] | Liberal | 1927 | |
| Daniel A. MacRae (1949) | Liberal | 1949 | ||
| 5th Kings | William Hughes | Liberal | 1935 | |
| District | Councillor | Party | First elected / previously elected | |
| 1st Kings | T. J. Kickham [c] | Liberal | 1943 | |
| Brenton St. John (1949) | Liberal | 1949 | ||
| 2nd Kings | Lou Burge | Progressive Conservative | 1947 | |
| 3rd Kings | Keir Clark | Liberal | 1947 | |
| 4th Kings | Alexander Wallace Matheson | Liberal | 1940, [d] 1947 | |
| 5th Kings | George Saville | Liberal | 1935 |
| District | Assemblyman | Party | First elected / previously elected | |
|---|---|---|---|---|
| 1st Prince | Hector Richard | Liberal | 1947 | |
| 2nd Prince | George H. Barbour [e] | Liberal | 1935 | |
| Walter Darby (1949) | Liberal | 1949 | ||
| 3rd Prince | J. Wilfred Arsenault | Liberal | 1947 | |
| 4th Prince | Cleveland Baker | Liberal | 1935, 1947 | |
| 5th Prince | Carrol Delaney | Liberal | 1947 | |
| District | Councillor | Party | First elected / previously elected | |
| 1st Prince | Fred Ramsay | Liberal | 1943 | |
| 2nd Prince | Forrest Phillips | Liberal | 1946 | |
| 3rd Prince | Thomas Linkletter | Liberal | 1935 | |
| | 4th Prince | Horace Wright [b] | Liberal | 1927, [f] 1936 |
| J. George MacKay (1949) | Liberal | 1949 | ||
| 5th Prince | Lorne H. MacFarlane | Liberal | 1947 |
| District | Assemblyman | Party | First elected / previously elected | |
|---|---|---|---|---|
| 1st Queens | Frederic Large | Liberal | 1947 | |
| 2nd Queens | Philip Matheson | Progressive Conservative | 1943 | |
| 3rd Queens | Russell C. Clark | Liberal | 1927, 1935 | |
| 4th Queens | Dougald MacKinnon | Liberal | 1935 | |
| 5th Queens | David L. Matheson | Progressive Conservative | 1947 | |
| District | Councillor | Party | First elected / previously elected | |
| 1st Queens | W. F. Alan Stewart | Liberal | 1927, 1935 | |
| 2nd Queens | Reginald Bell | Progressive Conservative | 1943 | |
| 3rd Queens | Eugene Cullen | Liberal | 1944 | |
| 4th Queens | John Walter Jones | Liberal | 1935 | |
| 5th Queens | William J. P. MacMillan | Progressive Conservative | 1923, 1939 |