![ECUADOR - 1907 - REVENUE ISSUE & PROOF: 5s orange 'Consular Revenue' issue WATERLOW COLOUR TRIAL in unissued colour, perforated on ungummed paper with hole punch & 'Waterlow & Sons Ltd SPECIMEN' overprint in black. (ECU/38439)](http://latinamericanphilatelics.com/cdn/shop/products/ECU38439_a73c17e5-ed59-4f29-8d52-768076af731b_{width}x.jpg?v=1650746696)
5s orange 'Consular Revenue' issue WATERLOW COLOUR TRIAL in unissued colour, perforated on ungummed paper with hole punch & 'Waterlow & Sons Ltd SPECIMEN' overprint in black.
5s orange 'Consular Revenue' issue WATERLOW COLOUR TRIAL in unissued colour, perforated on ungummed paper with hole punch & 'Waterlow & Sons Ltd SPECIMEN' overprint in black.