 On April 8, 1899 it was announced that Elder, Dempster & Co. decided to run their vessels on Canadian routes under Beaver Line flag, creating a rival line to the original Beaver Line run by D. & C. MacIver.Furthermore, a new company, Elder, Dempster Shipping was formed and registered on May 3 to acquire seventeen steamers managed by the Elder, Dempster & Co. as well as coal and stores for £1,100,000.Following the transfer, "Monterey" departed Barry on May 18 and arrived at Montreal on May 30 to resume her summer trade.