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This font would have had to exist since 1940 -
Several unique things I noticed - the capital A is a 'loop' type capital - the lower case L has a lower starting point after the capital A and a higher starting point after the lower case O - I assume this would mean that lower case letters might have two slightly differing versions - also the lower case O is open at the top -
Considering the age, it's possible that this might not even be a fully developed font by today's standards -