1945-48, the valuable and impressive exhibition collection including 1945 (Oct.) Zhangjiakou issue (39) with an inverted overprint and $1 block of twenty-five, 1945 Beizimiao 50c. and $1, all unused, 1945 (Dec.) Victory large format (113) unused, used and four covers, also a range of varieties such as imperf., imperf. between and printed both sides including multiples, 1946 Victory small format (85) including $1 to $500 unused with shades, $10 printed both sides block of four and a fine range of covers (14) with many different frankings including $2 block of ten, $2 (4) + large format $12, $5 (4), $100 (5), $200 pair + $50 pair (defect); 1947 Shih-men surcharges on large Victory (3) and small Victory (9), two with inverted surcharge and 1948 Pingshan print (108) perf. and imperf., mostly unused with varieties imperf. between pairs, strips, blocks and envelopes (8). Yang NC17 onwards