Jerry,
Thanks for the great information. The color of the swivel/hook is off in the photo, it is steel with brownish patina on it. The cord and swivel seem to have been together a long time. A photo is not as nice as seeing the item up close.
I think it is too old for a P.38 and all of the P.38 layards I have seen are made of fabric with leather ties.
Mark
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