£340
1912-35 KGV Booklet Panes comprising Royal Cypher 1½d pane of four with adverts (Harmer Rooke, straight edge at base, S.G. £550); Block Cypher ½d and 1d panes (inverted watermarks) and 1½d pane of four with adverts (South Africa, S.G. £275); and Photogravure panes of ½d (3), 1d (6), 1½d (12) or 1½d with adverts (2), some inverted watermarks, some mounted, otherwise fine, the first two 1½d + adverts panes unmounted. (27). Photo on Page 16.
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