A monument commemorating the founding of the Canadian Naval Service was unveiled on May 4, 1998, by Vice-Admiral (retired) Nigel Brodeur and Captain (Navy) Jason Boyd, Base Commander. Vice-Admiral Brodeur's grandfather was Canada’s first Naval Minister and instrumental to the establishment of the service. His father, Rear-Admiral Victor Brodeur, served in the Navy as the Commander Pacific Coast during the Second World War and was the first Francophone from Quebec to join the admirality.
To the left of the monument is a seven bladed propeller removed from HMCS Annapolis (DDH 265). This propeller was a revolutionary design at the time. The hull of the vessel is now an artificial reef. The propeller on the right was removed from one of the three HMC Submarines Ojibwa 72, Okanagan 74, and Onondaga 73. It is not likely that it is from Onondaga, as that sub is in Pointe au Pere, Rimouski, Quebec as a museum vessel. The subs were built at Chatham Dockyard in the United Kingdom and were identical to the Royal Navy Oberon Class conventionally powered submarines.
The Canadian Naval Service, now known as the Royal Canadian Navy, was established on May 4, 1910. A plaque identical to the one on this monument is located on the Wall of Valour at Canadian Forces Base Halifax. The founding of the Canadian Naval Service was designated a national historic event by the federal government on the recommendation of the Historic Sites and Monuments Board of Canada.