Proof Specimen Waterlow sample page "IMPRESION POR PLANCHA DIRECTA." bearing ½d. brown, 1d. black and blue-green, 2d. indigo, 2½d. "WAKATIPU" grey on toned, 4d. green, 5d. blue-green, 9d. purple-brown on toned, 2/- orange-vermilion and 5/- black, each overprinted "WATERLOW & SONS LTD./SPECIMEN" or "WATERLOW & SONS, LD" and with 2mm. punch hole at lower left. A wonderful item illustrating the use of these sample stamps