Watch List notes:

Government of Ceylon, a sheet of watermark paper for four 50 rupees, ND (1885-1926), with "FIFTY RUPEES" at centre, "GOVERNMENT OF CELYON" at lower margin, elephant, stupa and flower at left,, (Pick 19 for type), One centre crease does not affect design, each design with one SPECIMEN perforation, stain, part cut out at right margin, extremely fine (450 x 248 mm).

Estimate: £70 - £100