Isn't this fun:banghead:

Could it be a Orvis pad ??

Thanks for everyone's reply.

I've talked to Bill Murphy, Dave Noreen, and Mark Conrad. Bill and Dave aren't sure what it is. Mark believes the word is the abbreviation for Premium. When Parker handwrote their entries, they (multiple people entered into the Order Books) they wrote in the old style script and with a fountain pen. Their lower case r's were the old style. When they wrote the letter e at the end of a word, the e looked like a capitol letter E but written in lower case. Since the e as in Prem would be in the middle of the work, I think they used the regular e. In this case, they just didn't make the loop big enough. It's all speculation.

If anyone has a SBT in the 177xxx S/N range and believes the pad is original (slim chance) contact me with pictures. That's assuming it's not one of the well known pads.