Watch List notes:

Bermuda: Bermuda Government, pair with 5 Shillings 17th February 1947, P.14, very nice condition with strong paper, just a few minor spots and soft folds (VF+/XF) and 10 Shillings 17th February 1947, P.15 with small cut upper right, minor margin split and tiny hole at center (F). (2 pcs.)
[taxed under margin system]