Tidewater is correct, it's WW II-era .303 ball ammo made to Mk VII specifications, and is loaded with cordite.
With a crimp that heavy, and that shape shoulder, it makes me think it was loaded primarily for use in the Bren gun.
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"The gift which I am sending you is called a dog, and is in fact the most precious and valuable possession of mankind" -Theodorus Gaza
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