Abstract: A butterfly type valve is provided with an annular sealing ring disposed in a groove in the bevelled periphery of the circular valve plate. The operating shaft is journalled in a radially disposed external boss and an operating handle having a spring biased locking plunger is secured to the shaft. A locking plate having a plurality of locking apertures is adjustably clamped to the boss for operative engagement with the locking plunger on the handle.