The last commemorative issue of the Japanese occupation was a set of three stamps for the first anniversary of the Philippine Republic belatedly released on January 12, 1945 (first day covers of this issue are dated October 14, 1944). The album page says "The recurrent air raids in Manila and provinces by the American forces during this period of the War disrupted the normal activities of the people."
These are better known as the Laurel Issue because these portray Jose P. Laurel whose presidential term lasted from 14 October 1943 to 17 August 1945. Stamps were printed locally by lithography on unwatermarked paper, imperforate, and issued without gum.
Printing quantity: 5s (750,000), 7s (one source says 500,000 and another says 650,000) and 20s (one source says 350,000 and another says 500,000). "s" stands for sentimos.
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