History
The German colonies were all acquired between 1884 and 1899. They belonged to the Universal Postal Union and used the same postage rates as the mainland German Empire. Initially, regular Imperial stamps from the mainland were used, and only their cancellation marks would reveal their colonial usage; later, the names of the individual colonies were printed over the regular stamps before sale. In 1900, a new stamp design was released for universal use in all the colonies.
Redolent of the imperial grandeur of the Kaiser, the yacht was used as a symbol of German power and prestige. The seafaring nature of the design also underscored the new hopes of the German Empire under Wilhelm II. The Kaiser had embarked on a quest to expand worldwide and by 1898 was rapidly building his navy to compete with other world powers, particularly Great Britain.
The "Yachts" were first released in 1900 and remained the standard postal design for all German colonial mail until shortly after the outbreak of the First World War. By mid-1915 all the German colonies had surrendered to Allied forces, and with them came their postal administrations. The confiscated German stamps, virtually all of them Yachts, were stamped with new names and prices for Allied wartime use. The Yachts thus continued in service throughout the war years, unlike the Kaiser's yacht itself which was decommissioned in June 1914.
Read more about this topic: Yacht Issue
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—William Faulkner (1897–1962)