That is a strange gun on RI. That gun has the plain post 1937 Standard Grade wood. That receiver, 35560, was put in work during March 1940, the November 1940 barrel date code, and the roll-stamping including the chamber length are all right for that time frame. However, that is very late for that style banded barrel. The banded barrels seem to normally be found on the 1931 version guns.
I have a very similar 1934 version R.L.B./flaming bomb marked gun that must have been one that was cleaned en mass at an arsenal before the government sold them off as my receiver, barrel and trigger group all have different serial numbers and the stock is for a 1941 version Model 31. Surprisingly it works great and I shoot it pretty well on both skeet and doves. When my buddy from Virginia came to visit he shot pheasants with it. He figured it was the worst looking thing in my collection and he wouldn't feel bad if he got a ding in it.
I've got seven Model 31s and I haven't had any issues except breaking the tip of the action bar on my TC. Fortunately Numrich had new manufactured ones for 12-gauges. Breaking that tip seems to be the weak point in the Model 31s used in high volume shooting. Perhaps the reason Remington did the "twin action bars" on their Model 870. Five of my guns are the 1941 version, four post WW-II.
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