The 49th General Assembly of Prince Edward Island was in session from March 1, 1960, to November 8, 1962. The Progressive Conservative Party led by Walter Russell Shaw formed the government.
John R. MacLean was elected speaker.
There were four sessions of the 49th General Assembly:
| Session | Start | End |
|---|---|---|
| 1st | March 1, 1960 | March 29, 1960 |
| 2nd | February 9, 1961 | March 16, 1961 |
| 3rd | December 4, 1961 | December 7, 1961 |
| 4th | February 22, 1962 | April 6, 1962 |
| District | Assemblyman | Party | First elected / previously elected | |
|---|---|---|---|---|
| 1st Kings | John R. McLean | Progressive Conservative | 1940, 1947, 1959 | |
| 2nd Kings | Walter Dingwell | Progressive Conservative | 1959 | |
| 3rd Kings | Thomas A. Curran | Progressive Conservative | 1959 | |
| 4th Kings | Lorne Bonnell | Liberal | 1951 | |
| 5th Kings | Stephen Hessian | Liberal | 1919, [a] 1935, 1955 | |
| District | Councillor | Party | First elected / previously elected | |
| 1st Kings | Melvin J. McQuaid | Progressive Conservative | 1959 | |
| 2nd Kings | Leo Rossiter | Progressive Conservative | 1955 | |
| 3rd Kings | Douglas McGowan | Progressive Conservative | 1959 | |
| 4th Kings | Alexander Wallace Matheson | Liberal | 1940, [b] 1947 | |
| 5th Kings | George Saville [c] | Liberal | 1935 | |
| George J. Ferguson (1961) | Liberal | 1961 |
| District | Assemblyman | Party | First elected / previously elected | |
|---|---|---|---|---|
| 1st Prince | Hubert Gaudet | Progressive Conservative | 1951, 1959 | |
| 2nd Prince | George Dewar | Progressive Conservative | 1955 | |
| 3rd Prince | Henry Wedge | Progressive Conservative | 1959 | |
| 4th Prince | J. George MacKay | Liberal | 1949 | |
| 5th Prince | Hubert B. MacNeill | Progressive Conservative | 1959 | |
| District | Councillor | Party | First elected / previously elected | |
| 1st Prince | Don Campbell | Progressive Conservative | 1951, 1959 | |
| 2nd Prince | Robert Grindlay | Progressive Conservative | 1959 | |
| 3rd Prince | Keith Harrington | Progressive Conservative | 1959 | |
| | 4th Prince | Cleveland Baker | Liberal | 1935, 1947 |
| 5th Prince | G. Lorne Monkley | Progressive Conservative | 1959 |
| District | Assemblyman | Party | First elected / previously elected | |
|---|---|---|---|---|
| 1st Queens | Frank Myers | Progressive Conservative | 1951, 1957 | |
| 2nd Queens | Philip Matheson | Progressive Conservative | 1943, 1959 | |
| 3rd Queens | Andrew B. MacRae | Progressive Conservative | 1959 | |
| 4th Queens | J. Stewart Ross | Liberal | 1959 | |
| 5th Queens | J. David Stewart | Progressive Conservative | 1959 | |
| District | Councillor | Party | First elected / previously elected | |
| 1st Queens | Walter Russell Shaw | Progressive Conservative | 1959 | |
| 2nd Queens | Reginald Bell [d] | Progressive Conservative | 1943 | |
| Lloyd MacPhail (1961) | Progressive Conservative | 1961 | ||
| 3rd Queens | J. Russell Driscoll | Progressive Conservative | 1959 | |
| 4th Queens | Harold P. Smith | Liberal | 1953 | |
| 5th Queens | Alban Farmer | Progressive Conservative | 1959 |