Watch List notes:

CYPRUS: Specimen of 1 Pound (1.12.1961) in brown on multicolor unpt. Arms at right on face. S/N: "A/1 000000". Red ovpt "SPECIMEN OF NO VALUE". Perfin "CANCELLED" at bottom left. Violet diagonal cachet "CANCELLED" at center. WMK: Eagle head. Printed by (BWC). Inside holder by ICG "CHOICE UNC 66* / TWO SMALL PINHOLES". (Pick 39s) & (Spink ROC B3as).