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HUNGARIAN LEVANT STEAMSHIP CO. LTD.

H515

In the Lloyds 1912 scan, the scroll reads “TENGERRE MAGYAR”, with InterTran translating the first word as “sea”. Black letters above the anchor stock appear to be MKT, possibly MLKT or MIKT. The vertically divided shield appears crowned and similar in design, possibly also in colour, to arms on naval flags; Rosanoski compares it with the Vice Admiral illustration cited in his note.

A black-and-white photograph of Honvéd broadly confirms the funnel.