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1934 Kangaroo Officials
 
Punctured Small "OS"
Issued between 1934 &1945, the perforation has been listed as 12 or 11½ x 12, the actual size is 11.7 x 11.8 which is
closer to 11¾ or 15 holes per inch.
Watermark 47 - small multiple Crowns over the letters "CofA"
Referred to as the C of A watermark

1-15-4 SOS £2 Black/Red, Small OS Official