Watch List notes:

MALAY PENINSULA, Penang, Penang Sugar Estate Company, Queen Victoria, Straits Settlements, one cent, 1895, countermarked '2/P.C.Ltd' work tally or check (Pridmore 33; SS.39 this piece). Very good and very rare.

Ex Mark E.Freehill Collection, from Singapore Sale 19 (lot 249), probably ex R.J.Ford.