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Registered cover franked with 1925 1p blue plus 1930 pair 95c on 7c dull lilac and 17p on 5p chocolate AIR 'Surcharge' issue (SG 272A, 357 & 362) tied by SCIO AEREO POSTAL PARAGUAY cds's dated 12 JUN 1930. Flown on the CGA/Panagra first acceptance of mail from Paraguay for carriage on the CGA Buenos Aires service to Cristobal then by regular Panagra flight to New York with printed registration label and fine oval 'PRIMER VUELO OFICIAL VIA "PANAGRA" PARAGUAY A N. AMERICA' first flight cachet. Addressed to USA with arrival marks on reverse. Scarce. (Muller Unlisted).