BEAVER LINE ASSOCIATED STEAMERS.

The predecessor’s livery was retained: a black funnel with two narrow white bands separated by a gap equal to their width, and a white flag with a blue border enclosing a black-and-white river scene of a beaver building a dam. Merchant Fleets Canadian Pacific shows a blue pennant above the flag.

Country remains REVIEW: Canadian predecessor identity and Canadian services do not independently establish this reconstructed company's jurisdiction. UK court winding-up alone is not decisive proof of incorporation. The sources distinguish 1894 liquidation from 1897 reconstruction. B682 is an unrelated British India Associated Steamers image.