JOHORE. BRUXELLES. Part de Fondateur, specimen. blue, yellow. #100000. Central fold and rather discoloured paper in lower left half. Formed in Brussels in 1920 to acquire the Endau rubber estate, in the southern Malay state of Johore. The price of rubber was very low after World War I, and this, with lower costs, higherproductivity, and a low franc exchange rate, brought very serious competition from Indochina. Border vignettes of scenes of the rubber estate, and underprint of a view of sea and island.
Themes: AGRICULTURE, COLONIES
Startprice: € 20