Lloyds 1912 shows blue with a white border except at the hoist and a white M. Reed shows white with a broad blue horizontal band bearing M, under both Arthur Mawson and Mawson Shipping. Reed’s white bands are slightly broader. The M690 funnel’s separate black bands are presumed to be a printing error, intended to form a solid black base.
Keep the explicit scope label independent; no alias or company identity is inferred.