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Merchant Ships adds a normal blue swallowtail with white border and white E, with red E used briefly beforehand. Its funnel illustration appears tapered although the separate flag does not, suggesting a possible connection with the unbordered blue burgee.
Fraser’s flag is red with a blue lozenge throughout and white F. A Queen of Nassau postcard supports the funnel and uses the Eastern Shipping Corporation name, also found on a postcard posted in March 1956.
An Evangeline postcard shows a brighter, lighter blue funnel version. The flag shade remains uncertain and is retained as the original guess.
Lovett retained the flag design but changed F to L in 1962. A monochrome New Bahama Star postcard has the diamond and funnel base darker than the band; colour cards differ, one dark blue and an Ariadne card supporting the illustrated form. The flag’s shade is unknown.
Mitchell’s form probably follows New Bahama Star and Evangeline drawings. Rosanoski allows possible changes rather than forcing agreement with the other version; the comparison is labelled E364 in the original note.
After the Gotaas-Larsen takeover, the flag used its blue five-pointed star within a blue ring on white, with a red sans-serif E added at the star’s centre. An offered flag was said to have flown aboard Emerald Seas, Bahama Star and Ariadne. Mertens considered it probably swallowtailed but sought confirmation; Rosanoski questioned the illustrated 1:2 proportions against the reported 3:5. Another actual flag from Emerald Seas is rectangular, 4 by 6 feet, represented as E413. Ashtray logos provide further evidence, including E414. The rectangular and possible swallowtail forms remain distinct.