The paper used for this set of stamps is what is generally known as "wove" and it varies, as Mr. Howes states, "from a very thin, almost pelure quality to a quite hard and thick variety." Mr. King, who was evidently untiring in his efforts to discover varieties of paper, says, "This series is of a most interesting nature, having a very large number of varieties of paper, all quite distinct, and specimens of some are of considerable rarity." Mr. King then lets himself go and describes some _seventeen_ varieties of paper but, with the exception of two well marked varieties to which we shall make extended reference shortly, they all seem to resolve themselves into minute variations of the wove paper such as can be found in connection with most stamps of the 'sixties and 'seventies with the aid of a micrometer and a well trained imagination! We doubt whether any specialist, however willing and enthusiastic, could follow Mr. King through his intricate listing. Scott's catalogue lists a sub-variety of all values except the 1/2c on "watermarked" paper. The watermarked letters found in these stamps were known at least as early as 1870 and much speculation was rife as to their meaning. Mr. John N. Luff finally solved the problem by assembling a large number of the watermarked stamps so that he was able to reconstruct the complete watermark, viz:-- E. & C. BOTHWELL CLUTHA MILLS The letters are large double lined capitals 12-1/2 mm. high with the exception of the initial letters E, C and B of the upper line, which are 13 mm. high. The "watermark" is, of course, the trademark of the paper manufacturer and, like other watermarks of a similar nature, it is not of very great philatelic importance. It is very generally presumed that the paper watermarked in this manner was used provisionally--an opinion with which Mr. Howes seems to concur by his statement that "the watermarked paper must therefore have been used sometime during the course of the year 1868, probably the middle, when supplies of all values except the 1/2c were printed." But we fail to find from any evidence so far adduced that this watermarked paper was in use only during some well defined period. The fact that it is not found in connection with the 1/2c proves nothing for this value was of a different size from the others and doubtless paper of a different size, but the same quality was used so as to prevent unnecessary waste in cutting into sheets for printing. At best, as we have already stated, it is but a papermaker's trade mark, and it is difficult to understand on what grounds it is included in the catalogue as a variety to the exclusion of similar and well known examples in the stamps of other countries. We must confess that more importance seems to be attached to the variety than is warranted by its philatelic status and we commend to our readers' attention Major E. B. Evans' pertinent comments regarding it, viz:--