This Austrian commemorative stamp was issued in 1958 to mark the 40th anniversary of the Republic of Austria (1918–1958). It features a finely engraved portrait of Dr. Karl Renner (1870–1950), the first Chancellor of the First Austrian Republic and later President of the Second Republic after World War II. The portrait, rendered in deep green tones, symbolizes Austria’s political rebirth and democratic continuity. The denomination is 1.50 Schilling, with elegant vertical frame lines and the inscription “40 Jahre Republik Österreich” below. Designed by F. Lorber, this issue stands as a tribute to Austrian statehood and leadership in postwar recovery.