If you don�t merge overlays, the picture you save or print will not contain the overlay info, this is why you need to merge them before so that the overlays become part of the image.
Since you don't have the merge overlays function, an other way to do it is to save the image without overlays and read it in a picture ctrl, like you did already, and then use the pictures function to redraw the overlays.
-> Picture functions are in Graphic and sound