Airmail cover franked with 1920 200rs rose red 'Industry' issue and 1929 500rs purple & 1000rs red brown AIR issue (SG 330 & 472/473) tied by CORREIO AEREO RIO DE JANEIRO cds's dated 26 SET 1932. Addressed internally to PELOTAS with plain white censor strip with large 'CENSURADA' handstamp in purple.