Picked this up a while back, after much searching I am still not sure what these paint markings mean. Rifle is a '42 Lithgowicon, was FTR'd in '52. Forend is in rough shape, lots of cracks/repairs, no marks on stock except SLZ51. it has a very light import mark right above the woodline on the receiver, its not the J. Jovino Co mark.

There is a green band on the buttstock, plus the two red circles in the pics. Headspace checks fine, previous owner fired it. I have put a few rounds through it, no odd looking signs on the brass and it actually shoots well, action is smooth, bore is VG, but due to the stock condition I wont fire it any more.

I have searched around quite a bit and assume it was a cadet rifle, green band means OK from what I have read. But not sure why the red dots are there.
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