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No padding which makes me think it was mainly designed for pistol ammunition and, of course anything else one would want to put in it.

The "N" stamp is commonly seen on braces as one could choose from Long, Normal, or Short so my guess is this is a modified brace. I have two so you're welcome to one. PM me.

I have a couple of these straps (braces?) in my collection that I haven't been able to find any info on. Appears to be Pattern 37 and made by Bagcraft in 1945, they have all the appearance of a...