essay 1906 Nelson Centenary issue, an artist's sketch of the 1d. value by Lady Gilbert Carter, the vignette showing a portrait of Nelson against an intricate red frame, 13ox160mm. and executed on wove paper (200x235mm.) marked at top "Sketch for Nelson Centennial Stamp to be reduced to 1 inch by 1 inches" and with suggestions of colours for other values at foot; some faults at right and in margins though most attractive. An outstanding showpiece. Photo on back cover