This third set of publicity images of Newfoundland was issued in 1932.

2c King George V.  3c Queen Mary, wife of the king.  4c Prince of Wales, later King Edward VIII.  6c Princess Elizabeth at age 6, later Queen Elizabeth II.   7c Duchess of York, later Queen Elizabeth, wife of King George VI, mother of Princess Elizabeth.  Other values have descriptions incorporated within the designs.

This set was re-issued in 1942, substituting the newer 1938 royal images for the 2c, 3c, 4c and 7c values.