The writing on the label looks a lot like the writing on those fake Emidisc acetates from the UK. It looks like UK handwriting for sure. The Raynard logo is a multiple rubber stamp on a plain brown sleeve.
Fake acetates are a very murky pond of long standing. Personally, I have always suspected any acetate of a previously issued record, whether it appeared on 45 or on an album.
In 1973 I was offered an Emidisc acetate of Blacky Vale's 'If I had Me A Woman' (a very desirable rockabilly 45) which I was assured was 'original'. The obvious question was, why would a very rare 45 which probably saw zero distribution outside its Galveston home, appear contemporaneously as an acetate in the UK? The obvious answer was, it didn't. However, I have no doubt that some dupe ended up purchasing it.
Similarly, in the early 70s a notorious US character managed to obtain a stock of blank Memphis Recording Service labels. No surprise, then, that 10-inch 'dubs' of Elvis Presley Sun recordings, recently issued for the first time on RCA abums, began appearing with typed titles on MRS labels. Of course, these 'unique' artifacts were priced accordingly. A year or so later, a respected German collector took obvious pleasure in showing me his unique copies of 'Harbor Lights' and 'I Love You Because' on MRS 'dubs'. He truly believed that they sounded much better than the LP versions - which is a testament to the power of self-deception. Praying that he wasn't going to offer them as trades, I affected jealous admiration for his unique trophies, confident that other collectors in other parts of the globe were likewise admiring their own 'unique' copies of the same MRS dubs.
And yes, I've been fooled myself by a phoney acetate, even though it took many years for me to admit it.