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Nope…..
can you mount it on your belt?
I guess you could, but that is not the intent. I will photograph the other side (but will have to edit something out)….
The reverse….
could be something you keep your fly's (fly fishing) in, no?
I am going to be pedantic.
No.
a bait-bag?
Nope
Torture-tool roll?
Book cover/carrier?
the fact that it hasn't something to carry it with, like a handle, belt clip, etc. could suggests that it belong somewhere like the glove compartment, a pocket… what size does it have?
it has something to do with fishing, that's 4 sure!
Salmon fly wallet? http://www.ebay.co.uk/itm/Hardy-The-Wallet-Model-1911-Salmon-Fly-Wallet-/400634550304
@Giles:
I am going to be pedantic. No.
The description of that wallet on ebay is incorrect
could also be something for the hooks with special tapered leader, no?
Getting close, but forget anything with hooks…..
