It is Jordan, a postal tax stamp, RA31. The line of Arabic below the picture reads "Hashemite Kingdom of Jordan". Below that is something about Palestine. The description in Scott states that it was "issued to help the Welfare Fund for Arabs in Palestine."
Because the overprint is off-center, it's easy to miss the overprint, even though it is in carmine. I didn't pay attention at first either, and thought is was some additional hand-cancel.
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