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The lever on your bolt is the safety. The two holes on the left butt socket were originally for the rear long range volley sight. Your barrel looks to me to have been cut and front and rear sights are not original. You have a mismatched bolt so headspace should be checked along with bearing surfaces of the locking lugs. If every thing checks out you have a hunting rifle but not a restoration candidate. Value would be $200 and you could sell just the magazine butt plate and bolt for a bit more than that.
 
I don't know the long lees all that well but ist the top hole for the safety and volley sight and the bottom hole would have been for a target sight? Nice piece of history there.

Trevor
 
The two holes on the butt socket are for the volley sights. The sight arm fits in the top hole, and the retainer spring is affixed by a screw in the bottom hole.
 
You have a BSA made Magazine Lee Enfielde Mk.I , a long rifle cut down and made into a carbine. Not too badly done if you like that style.

The original barrel would have been 30.2 inches in length so I would say yes, the barrel is cut down.

The brass washers are riveted onto both ends of a brass reinforcing rod that ties the back end of the woodwork together. There isn't a lot of meat inside the stock due to the inletting for the trigger group, which leaves the back end of the stock weakened. The brunt of recoil is transferred to this area and without the tie would be prone to cracking though the web inside.

By the serial number, yours is one of the 8000 BSA rifles purchased from Great Britain in 1896 (Edgecombe p105). Also on the top of the barrel, there is a cross filed into the surface.
I have seen this marking on more than one bone-fide ex-RMC service rifle. I cant find any documented proof, but my observations make me believe that this cross marking was likely applied by the RMC armourer to rifles that were released through the Royal Military College.

Can it be restored? Sure, it can be!. I have started with a lot less and rebuilt them back to original spec.

Cost of value restored? It would only ever be a parts gun and might not be of interest to serious collectors who would pay the big bucks for an original.

But many restorers do it just for the hobby. It usually costs more to restore something properly than the gun would be worth if it needs major parts and work. Not a viable investment if you look at it from the money view. But you would have a representative example of a not too common rifle. This one has a Canadian connection.

threestooges_zpshmwesooj.jpg


Top one is an original. I think that I broke even with the selling of the two others which were restored.
 
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