This striking Labuan issue features the classic North Borneo 5 cents peacock design, overprinted LABUAN in bold black for postal use on the island. Printed in rich green with a finely engraved black peacock, the stamp reflects the ornate aesthetic of early 20th-century British protectorate issues. Overprinted varieties from this period are sought after for their postal-history relevance, especially when carrying clear cancellations such as the dramatic barred obliteration seen here. A desirable piece for collectors of British Borneo or overprint specializations.