TYPE: A87, 88, 89
ISSUED: March 1, 1940
PROCESS: Photogravure
PAPER: Watermarked cross on pyramid
PERF: 12
DESIGNERS: Ferenc Marton and Sandor Legrady
PURPOSE: To commemorate the 20th anniversary of the election of Admiral Horthy as Regent of Hungary
PICTURE: (A87) Admiral Horthy at Szeged in 1919, as Commander in Chief of the National Army. Cathedral of Szeged in the background and date 1919.
(A88) A bust of Admiral Horthy from a portrait, with the coat of arms and dates 1920-1940.
(A89) The 20 is symbolical of the restoration of the territory taken from Hungary after World War I, and returned by Czechoslovakia, picturing an angel ringing the bell of liberty, and the Cathedral of Kassa, Kassa being an important city again within the Hungarian boundaries. This bears the date 1939, and alludes to the fact that the territory was thus returned in 1939 during the twenty years of government.

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