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Payment was due by 1 February 1917 in the form of stock in a new Montreal Transportation Co. Ltd. The former shareholders would have $2,557,000 out of a total of $4,000,000 authorized for the new firm. A better deal was negotiated on 3 May 1917 which provided that $400,000 of the purchase price would be in cash. The former directors were to retain ownership of non-floating assets and the real estate. The Canadian Railway & Marine World's brief report on the changeover said that the company had gone from an initial capitalization of $100,000 [actually $60,000] in 1868 to a capitalization of $1,000,000 of which $913,000 [actually $914,000] was paid up in 1916. Wolvin and Norcross made their offer conditional on receiving 75% of the stock and received 100%. The deal was passed by both shareholders and directors on 10 April 1917. Operational control of the company was transferred to Canada Steamship Lines in 1917 and all but one of Montreal Transportation Co.'s vessels (WESTMOUNT (2)) were repainted in Canada Steamship Lines colours although without the Canada Steamship Lines diamond logo on their bows. Montreal Transportation Co.'s board formally sold all the vessels in their fleet to Canada Steamship Lines in stages during 1920 and 1921 and Canada Steamship Lines took over both the Kingston and Prescott Ontario elevators and other real estate that Montreal Transportation Co. owned in Kingston. The price Canada Steamship Lines paid for Montreal Transportation Co. and its subsidiaries was $3,000,000. The Kingston grain elevator and office were closed in 1919. Montreal Transportation Co.'s Prescott elevator had also been closed by then. The last regular meeting of the board was in 1921 when the sale of the remaining vessels was authorized. Canadian Railway & Marine World reported in October 1922, however, that Canada Steamship Lines was going to reopen the Kingston elevator due to grain congestion. No further information was found. Canada Steamship Lines took over a new elevator west of downtown Kingston in 1930, built to lure upper lake freighters down through the newly enlarged Welland Canal and to the foot of Lake Ontario before transferring their grain cargoes to canallers to finish the trip to the lower St. Lawrence ports. Other than purely administrative meetings, of which there were two or three in the 1930s and 1940s, the only other mention found of activity by Montreal Transportation Co. after 1921 was reported in the June 1925 issue of Canadian Railway & Marine World. At that time, Montreal Transportation Co. was granted leave to appeal the August 1923 denial of $125,000 in damages incurred in the Port Colborne elevator explosion of 1919. There was no mention of what those damages were but they were presumably to the Montreal Transportation Co. steamer WINDSOR and/or to the barge QUEBEC, both of which are known to have been involved. 8