Large "CBI" Perfin on 4c McKinely
1931 Paquebot to Washington

Large type CBI inverted perfin.

Most likely this cover originated from Cebu.
The Chartered Bank of India, Australia and China operated only in Manila and Cebu.
Likewise, the "PAQUEBOT" marking typical to that employed on Cebu departing vessles
from 1926 to 1935.

eBay, realized $130.49