This is the story about how a small-time Portuguese fraudster carried out one of the most audacious financial crimes in history and in doing so damaged the
Portuguese economy and almost definitely hastened the arrival of the Salazar dictatorship.

Major General James Cowan was commissioned into The Black Watch (Royal Highland Regiment) in 1987 and in his early years served in Germany, Northern Ireland, Zimbabwe, Hong Kong, Lesotho and the United Kingdom.

So why collect?
It’s a waste of time and money!

In partnership with our sponsor Spink, the Philatelic Traders’ Society are delighted to announce that Autumn Stampex will be going ahead in a new concept, look and
feel.