L1a.14 x13.5 Fine VM
L1a.14 x13.5 Fine VM

1935, Original issue, May 1st. On single "NZ and star" watermarked paper. Found in two colours 'Green' and 'Deep green.'

 

 

 

L1b. 14 x13.5 Fine HM W8
L1b. 14 x13.5 Fine HM W8

1936. March 20th change to multiple "NZ and star" watermarked paper. Found in 'Green' and 'Deep Green'

 

 

 

LO1b.14 x13.5 Fine HM W8
LO1b.14 x13.5 Fine HM W8

1937. July. Overprint type 03, Multiple watermark.

The 1/2d official was withdrawn on the 28th of Feburary 1938, giving it a relatively short span of issue. Very rare on cover.