cover HANGCHOW: 1900 (2 Jan.) Japan 1s. stationery card to Kiaochow cancelled by "HANCHOW/I.J.P.O." c.d.s. and with C.I.P. 1c. tied by Hangchow bilingual c.d.s., Shanghai bilingual c.d.s. and Kiaochow dated oval plus a good stike of the small, serif letter "SETTLEMENT"; clean and fine