Hake SLP-#1. 13/16". Shows photos of "Malloney & Remmel" with initials of the party "S.L.P." Design is a little off-center, red color is a little faded but still better than the example in the Hake book as the party initials are clear at the top center. In addition, under magnification, are about a half dozen virtual pinpoint air spots in the celluloid coating. These are essentially invisible without magnification. Some stain over the W&H backpaper. Small tan dot over the last 2 letters of "Remmel." Defects are all quite small and overall appearance remains VF. A very rare third party jugate, seldom offered.