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In earlier days the stamps of British Guiana were printed by a British printer, Waterlow & Sons. In 1856, the stock of stamps was exhausted but a fresh supply had failed to arrive. So the postmaster hurriedly had 4-cent stamps printed locally using the existing designs, the seal of the colony – a ship and the motto ‘Damus Petimusque Vicis sim’ (We give and we seek in turn). These new stamps were printed on magenta paper in black ink but the quality was so poor that the postmaster, to prevent forgery, asked the postal officials to initial each stamp before selling it....
Source: https://www.pitara.com/authors/s-p-chatterjea/
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