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For what it is worth, Ian listed a No.5 dated October 1947 (based on a rifle I later bought) as from the end run in one of his earlier lee books. A later book was corrected to December 1947 based...

I suspect that the 1848 figures are for 1947 produced and marked rifles that carried over into 1948. I base this on 15 years of searching for a 1948 dated example with no results.