I might suggest checking out an old thread of mine about this same stamp
https://goscf.com/t/17368&SearchTer...newfoundlandThe K in King looks like an 'h'
I posted a question on the British North America Philatelic Society website and received this answer from Jean-Claude Vasseur.
"The "Guy Issue" was lithographed in 1910 under supervision of Whitehead & Morris in London.
The process was well known to give quality (color & details) results... but suffering of inconsistancy in the transferring process from the stone to the plate such that numerous "errors" do exist on this issue. Even if only three "errors" are listed, there is a large number of defective stamps (50%?) more or less dramatic!"
This might give some clarity to your question. I also see a big dot over the J in James on your stamp.
Mr Vasseur's full answer is on the original thread.