The restoration of the 2-cent letter postage rate on 1st July, 1926, found the Post Office Department with a large stock of the 3-cent carmine stamp originally issued on 14th December, 1923. As a measure of economy and expediency the Department decided to surcharge fifteen million of these stamps. The Government Printing Bureau did not do the job with entire satisfaction, owing to the difficulty of overprinting the gummed sheets with various plate positions. The overprinted sheets were ordered to be destroyed. This was done in the presence of authorized representatives of the Post Office Department and the Department of Finance. Five hundred sheets were, however, preserved for sale in limited quantities to philatelists through the Post Office Philatelic Agency in Ottawa. The stamps sold in this way were fully valid for postage purposes.
Portrait of His Majesty King George V in an oval framework.
The King is wearing the uniform of an admiral.
The portrait is a composite from photographs by Walter Barnett and Messers. W. and D. Downey of London, England.