Schroeder, the well known merchant of Leipzig.

[Illustration:]




Stanley Gibbons, Ltd.

_CAPITAL, £75,000. ESTABLISHED 1856._

HIGHEST POSSIBLE AWARDS.

_GOLD MEDAL, Paris, 1892._

_GOLD MEDAL, Chicago, 1893._

FIVE MEDALS
(_Highest in each Class_),
GENEVA, 1896.

FOUR MEDALS
(_Highest in each Class_),
LONDON, 1897.

The above-mentioned high rewards gained by the Firm have been awarded
for the perfect condition and completeness of Stamp Collections, and
for general excellence in Stamp Albums, Catalogues, and Handbooks.

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