The third issue of this excellent periodical containing colour-illustrated articles on forgeries by world experts. Contents include The Stamps of the Suez Canal Co.: Genuine and Forged, by Smith; Modern French Postal Forgeries made in the Period 1990-1998 Compared with Genuine Stamps, by van der Vlist; Forged and Faked 20th Century Philatelic Material of Australia & related areas, by Ceremuga; Discovering Fakes, Forgeries, and Bogus Postal History, by Cohn, etc, etc.