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Hey Doug, I only found different reasons for the colours, that was why I thought I should ask the Enfield cracks here. However, looks like I got the same - different - answers than what I had found..
Did I now correctly get it that the meaning of the color depends upon the gun it's used with. And since mine is a .22 cadet rifle, it would follow the same rules as a traffic light: green is the best you can go with, yellow only if the police doesn't see you and you're in a hurry, and stay away from the red ones?
Besides that, any thoughts upon the value of these rifles nowadays?
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We had DP Brens with both yellow and white bands used to come through our workshops in Oz especially when the Bn was 'mother' to a local school Cadet Corps (and supplied the range day instructors). We also had live guns come through too of course.
In the UK, you'll find green banded weapons in some of the training unit armouries, such as captured stuff and the odd No4/L4/Bren and the odd Garand or M14 that were used as demonstrators or by the 'enemy'. Hence the Non Service Weapons. Plus the usual white banded DP stuff - but you don't seem to see much DP stuff now. Just the odd L7 and .50 Browning now and again