London: Hodder and Stoughton, 1908. First edition. Paperback. This elusive prize is the visually striking and exceptionally rare wraps binding of the colonial issue of the first edition, only printing. Internally identical to the hardbound first edition, it is bound instead in tan card wrappers featuring the same color illustration on the front cover (in blue and black) as the hardcover first edition. Churchills bibliographer Ronald Cohen informs us that this softbound variant was produced for the colonial market and that only 903 copies were sold. As might be imagined, the survival rate is exceptionally low for a 1908 book in card wraps destined for the harsher climates of the British colonies. We have seen or heard of fewer than half a dozen examples of this particular issue, placing it among the rarest Churchill first editions. This example is a substantially complete survivor, despite some age, wear, and defects endemic to the inherent fragility of the edition and the rigors…