Adrian,
This flask in one of Michael's threads (below) has the same small pouch arrangement, but is slightly later.
http://www.vikingsword.com/vb/showth...t=Bullet+pouch
However, in the engraving of the wall display, we see three depictions of flask with pouches Very similar to yours!
I thought these were for balls, but Michael thought them too flimsy, and more likely for wadding or cleaning material, (tow I suppose) and for small tools, worms and scrapers etc.
I still wonder, but sadly we can't ask Michael!
Wonderful acquisiton though, and sincere Congratulations!!
Richard.