the first series of eight stamps inscribed "funchal" was produced in 1892. the typographed stamps, engraved by manuel diogo neto, had face values ranging from 5 reis to 80 reis. four more stamps with higher face values from 100 reis to 300 reis were issued in the following year, as well as a 5 reis stamp. in 1896 the 100 reis stamp was officially bisected in order to frank newspaper wrappers and letters.