Mick,
Have been looking at some photographs given to me in 2000 by the Australian Army Armour Museum for a project I was working on, including a colour photo, and it is clear that 1st Light Tank Company wore their colour patch as an upright rectangle. I can't work out whether it is green or brown to the front, but it is very definitely upright and not horizontal!
So this photo is almost certainly of NCOs of 1 Lt Tk Coy, probably 1938/39.
Cheers, Keith
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