WAYZATA label. Newfoundland cancelled flight 1932 airmail. LR corner block MNH

Description

Photos:  BOTH SIDES including reflected light photo of the gum side are SHOWN
Newfoundland 'WAYZATA'  stamp 1932
(privately produced in Minnesota USA)
Printing contract approved by the Newfoundland Government in 1932 but issue cancelled/ withdrawn and not officially issued.
Printed by the Minneapolis Bureau of Engraving July/August 1932 for Aerial World Tours and The Newfoundland Government but never officially issued
CONDITION NOTES:
Stamps are pristine fresh NH. There is a vertical pinch wrinkle/bend in the side selvedge only. Natural paper inclusion in one lower selvedge.
WAYZATA STAMP
In 1932
a Minnesota USA company
Aerial World Tours Incorporated
had an ambitious plan to finance the first Transatlantic Air Mail and Passenger flight by means of the sale of postage stamps to collectors.  Newfoundland was already famous
as the takeoff point for
various pioneer transatlantic flights
since 1919.
The company approached the Government of Newfoundland which agreed conditionally to the scheme.  The
flight was to originate in Wayzata Minnesota with stops in Toronto, Montreal, St Pierre & Miquelon, and St. Johns Newfoundland before heading out over the Atlantic.
Aerial World Tours Incorporated
was to finance and organize the flight and also to procure and finance the entire printing of the engraved security printed stamps.
On July 23 1932 the Government of Newfoundland approved the design of the stamp and authorized the go ahead for the printing of 400,000 stamps which was to be overseen by the Northwestern National Bank of Minneapolis.
According to a paragraph in the
Airmails of Canada and Newfoundland Catalogue
1997 by the American Airmail Society p473 :
‘In the agreement with the Newfoundland Government, the company was to sell 300,000 stamps while the government was to sell 100,000 locally. A total of 400,000 stamps were printed by Minneapolis bureau of engraving and 25,000 were delivered to the company’
It was quickly apparent that summer that the private sales by the company were not going well enough to raise the necessary funds and the contract with the Government of Newfoundland was terminated.   It is believed that less than 25,000 stamps in total were sold and the balance of 375,000 destroyed under supervision of the bank
The condition of the stamps should show clearly in the images. Please contact the seller if you have any question about the item's condition or description!
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