300rs olive grey 'Industry' definitive issue, no watermark, a fine used copy showing extreme PERFORATION SHIFT variety cutting through a quarter of the stamp (from the right hand & bottom). A striking and unusual item. (SG 314 variety) [US4] (Start Price = £4.80)

Incoming airmail cover from CHILE franked 1928 pair 20c, 1934 2 x 30c & strip of three 1p (SG 199, 233, 239 & 244) all tied by SANTIAGO cds's. Addressed to PORTO ALEGRE with straight line CENSURA RIO GRANDE DO SUL on front & arrival cds on reverse. [US1] (Start Price = £24.80)

Tourist set(6) m.m., odd faint gum tone [US2] (Start Price = £20.80)

'First Anniversary of Constitution issued by President Vargas' miniature sheet fine unused without gum, as issued. (SG MS614b, Cat £33) [US4] (Start Price = £7.20)