From the serial number and the receiver and barrel date it is indeed one of the last 1000 rifles produced to prove the machinery and tooling in 1953 last serial number was F40580. The yellow paint denotes that it is serviceable but not up to service standard (usually found on Cadet Corps Riles), it can be something as trivial as the old style nose cap for instance which were phased out in 1941. Nice pickup, one of the last 1000 produced a 1953 receiver with a February 1954 barrel.