Marking on leather?

[RobD]

I'm asking this on behalf of a colleague who's posted this on the HBSA members forum - can anyone identify the S-two-arrows stamp? On a Sam Brown and a .303 bandolier

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[Gil Boyd]

The U and crows foot normally signifies South Africa

[Alan de Enfield]

The U and crows foot normally signifies South Africa

I believe he means the two 'crossed arrows' in the circle.

[CINDERS]

Just wondering is its a sold out of service marking, it being the S as is commonly used on equipment as O.P shows in their pic#2.
Nothing in Skennerton Broad Arrow MK I or II that I could see.