P. A. Series
In the mid to late 1930's my father-in-law was training in photo engraving/etching at the NSW Technical School in Sydney Australia. He received this volume as a examination award.
For further information on the almost 100 year history and contents of the Penrose Annuals, a search on Google is advised.
Ironically, between graduating from high school in June 1964 and starting at The Vancouver School of Art the following September, I worked in the art department at Cleland Kent Western Ltd., a photo engraving company. For me, it was a valuable introduction into the pre-computer commercial art/design world