107
        
        
          701
        
        
          1937 A small selection of SYS Chung Hwa print 15c deep violet brown, in pairs, blocks all imperf. Total 13 items, minor toning,
        
        
          very nice and viewing recommended. Photo
        
        
          HK$ 5,000 - 6,000
        
        
          702
        
        
          1938 SYS Chung Hwa print, imperf. $5 grey green and scarlet complete sheet of 50, with centre portrait shifted downwards variety,
        
        
          unused and no gum as issued. Chan 368var. Photo
        
        
          HK$ 800 - 1,000
        
        
          703
        
        
          1938 SYS Chung Hwa print, $5 sheet of 50, tied by bilingual 'CANTON' cds, with portrait shifted variety. Chan 368var. Photo
        
        
          HK$ 2,000 - 2,400
        
        
          Ex. 701
        
        
          702
        
        
          703
        
        
          704
        
        
          705
        
        
          706
        
        
          707
        
        
          708
        
        
          704
        
        
          1937 SYS HK Chung Hwa print die proof, 15c deep violet brown imperf. block of 4, very fine. Photo
        
        
          HK$ 300 - 400
        
        
          705
        
        
          1938 SYS Chung Hwa 5c green, trial printing, this stamp shows light shading, the engraving in the issued stamps is much deeper
        
        
          and stronger, only two sheets have been found, extremely rare. Unmounted. Ex-Williams. Photo
        
        
          HK$ 600 - 700
        
        
          706
        
        
          1939 A die proof of the 150th Anniv of the Constitution of the USA, $1 rose red, blue and scarlet, size 112 x 88mm on 172 x 151mm
        
        
          buff thick card, with no '79384' printed by American Banknotes Company, very fine. Photo
        
        
          HK$ 9,000 - 10,000
        
        
          707
        
        
          1939 SYS Dah Tung print, no watermark, 8c green block of 4, imperf. tied by full strike bilingual 'CANTON/28.12.42' cds, very
        
        
          fine. Chan 405var. Photo
        
        
          HK$ 300 - 400
        
        
          708
        
        
          1939 Hong Kong print Martyrs, no watermark, thick paper 1/2c
        
        
          sepia, imperforate block of 4, Chan 433 var. Photo
        
        
          HK$ 500 - 600
        
        
          709
        
        
          1939 Hong Kong print Martyrs, no watermark, thick paper 1c
        
        
          orange yellow, imperforate between strip of 3, Chan 435 var. Photo
        
        
          HK$ 600 - 700
        
        
          709