Cripes you may have opened a bit of a can of worms here! Firstly "TypeS",this refers to the very finely ground pigments in these
paints which gave a smooth finish. "S" for smooth, no controversy there!
The origins of the Sky colour lie in research done at Hendon, I think in 1939, by No1 PDU using Blenheims and Hudsons. Other blue/ green colours at the time included Eau de Nil, at least two versions of Sky blue and duck egg green. Presumably these were the basis for the tests. These colours are the subject of endless debate and I don't have a clue what some of them actually looked like!
The new formulation "Sky type S" is arguably closest to the older BS 381 (1930) No16 duck egg green,though lighter and less intense and the Royal
aircraft establishment decided that this gave the best camouflage.Its origins may lie in a paint made by Titanine Ltd called camotint.
Paul Lucas (from one of whose books I culled most of this) quotes Air Ministry signal X915, 6th June 1940, as cancelling all previous instructions on the painting and marking of the undersides of fighters and stating that the undersides of all fighter aircraft were now to be doped to Sky Type S and underwing roundels removed.
The formualtion was apparently something of a challenge to get right and it took some time after the acceptance before suitable quantities appeared.
The older colours were allowed/used as substitutes until existing supplies were depleted.
This explains the never ending debate about exactly which colour was on the underside of what aircraft during the transitional period,of course we'll never know for sure.
Luckily for we model builders different manufacturers versions of "sky" differ enough to give a nice variety of shades on the shelf so I don't beat myself up about it!
Cheers
Steve
BTW the other camouflage colours were also type S paints yet noone ever says "dark earth type S". Strange.